upside down in their loans
Thursday, March 23rd, 2006 at 9:19 am
i was pretty amazed by the figures in this article. the study cited estimates that 9.4% of all mortgage borrowers as of september have no or negative equity in their homes, and the figure jumps to 29% of all borrowers who took out mortgages last year. that’s about $800 billion of loans that are upside down.
Posted in Market Conditions
by Eric
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