Recent Posts
- Financial Assistance for Underwater Home Owners
Underwater homes continue to be a problem for both homeowners and banks. From the homeowner’s perspective, as long as the residents plan on staying in the house it is possible to maintain the mortgage status quo. Though the homeowner is making payments on an overvalued mortgage, as long as payments are made there are no immediate problems to address.
From the banks perspective the situation is similar. As long as the homeowner continues to...