Upside Down
More and more, I am speaking with and meeting folks who have no equity (or virtually no equity) in their homes, or worse, “negative equity.” In other words, the balance of the mortgage(s) due on the property is greater than the value of the property. MSN Monday’s Liz Pulliam Weston tells us that “[a]ll though ARMs and teaser rates are coming home to roost.”.
Related posts:
- Good News On a Rainy Day
- A Holiday Shopping Tip (or Warning)
- Top Five Avoidable Bankruptcy Mistakes
- NY Suit Targets Appraisal Company
- The Refinance Reality Check
Tags: Bankruptcy, Economy, Mortgages and Foreclosures
This entry was posted
on Monday, April 17th, 2006 at 6:04 pm and is filed under Bankruptcy.
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