Underwater Mortgages – What to Do With Negative Equity
Posted on November 29, 2009
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Recent reports have estimated that over 20% of homeowners had mortgages that were underwater. If you are one of those homeowners owning a mortgage that has a current balance greater than your properties present value you probably have asked yourself “What can I do?” Well today there are many more options thanks in part to the new programs introduced by the government in 2008.
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