Relevant:
- Obama's underwater rescue - by Eric T. Schneiderman
- Mass. AG Martha Coakley to discuss foreclosure prevention program
- Local Troop agent provides alternatives for homeowners facing foreclosure » Ventura County Star
- Foreclosure help - the money's there but banks are balking
- Underwater Homeowners Down To a Third of Peak, But Remaining "Stuck" At Low End
2013-04-04 — politico.com
``Underwater homeowners are more likely to wind up in foreclosure. Even if they avoid foreclosure, they are saving every penny to try to pay down their debt. They can't spend at local businesses. They can't move for a better job or invest in starting a small business. They are trapped under America's $628 billion mountain of negative equity. It is in everyone's interest for lenders to work with distressed homeowners to reduce their debts and keep them in their homes.''
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