1 in 4 mortgages ‘underwater’
Julianne Pepitone of CNNMoney.com reports on a very disturbing fact: 1 in 4 mortgages are underwater. This doesn’t mean that 1 in 4 mortgages are in foreclosure it just means that the mortgages don’t support the underlying debt. Some people will continue to hang in there and pay on a mortgage that doesn’t equate to […]