How to Get Rid of an Underwater Home Wit...
Posted by About.com Home Buying / Selling in
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Short Sale Forclosure on 02 28th, 2011 |
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In areas of the country where property values have fallen, a home is considered to be an underwater home if its unpaid mortgage balance exceeds the market value of that home.
Owning an underwater home is not necessarily a bad thing unless you want to sell or you can no longer afford to make the mortgage...