‘Underwater’ need not mean foreclosure
Nov 5th, 2008 | By Gregory Arzumanov | Category: Housing News, Northeast RegionNEW YORK - Nov. 5, 2008 - What does being “underwater” in your house really mean? Probably not that you’re drowning.
The number of underwater homeowners - those who owe more on their mortgages than their home is now worth - has been growing sharply since 2006 as real-estate prices have tumbled. By some estimates, between [...]