Upside Down

Upside Down

April 17, 2006

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.".

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