housing slump
Upside Down on Your Mortgage? You're NOT Alone!
Posted August 16th, 2008 by Megan Hughes
Yesterday I posted a link to a story from Detroit about a bank that was so desperate to rid itself of a troubled REO property it sold the house for $1. You can read about it here. Today I read another report that was equally startling: 1/3 of homeowners who bought in the last 5 years are upside down today on their houses.
