- Jun 18, 2012
- Legal Briefs
Nearly One in Three Homeowners are ‘Underwater’ with Their Mortgages
Underwater mortgages – or negative home equity – occur when a homeowner owes more on his house than it is worth. The Great Recession
Underwater mortgages – or negative home equity – occur when a homeowner owes more on his house than it is worth. The Great Recession and collapse of the housing market nationwide certainly have impacted the number of underwater mortgages.