Relevant:
- New Program Can Make You An Underwater Homeowner In Two Weeks- Or Less!
- Dr. Stan Humphries: Getting to Know Underwater Homeowners
- PART TWO -- How to Take The Power Back When at Risk of Foreclosure - Mandelman Matters
- borrowers with home equity loans much more likely to be underwater
- 28 of underwater borrowers are more than 50 underwater
2012-08-11 — housingdoom.com
This is probably a great deal for underwater homeowners who can get it. The term "underwater homeowner" is actually an oxymoron. After all, when a "homeowner" has no equity, all the home's value belongs to the bank anyway. There's actually a certain irony to this. After all, if you are 33% underwater, you have -33% equity. By renting your equity improves to 0%, and you "own more" than you did before.
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