More Than 8.3 Million U.S. Mortgages Are Underwater
Posted in Real Estate on Mar 4th, 2009
These are the kind of Doom and Gloom articles that smart investors like to see. March 4 (Bloomberg) — More than 8.3 million U.S. mortgage holders owed more on their loans in the fourth quarter than their property was worth as the recession cut home values by $2.4 trillion last year, First American CoreLogic said. [...]