Getting to Know Underwater Homeowners



Getting to Know Underwater Homeowners (via http://mortgagespectator.com)

According to the second quarter 2012 Zillow Negative Equity Report, 30.9% of homeowners are underwater, owing a combined $1.15 trillion more than their homes are worth.  The extent and magnitude of negative equity, however, varies widely by the age of the borrower and when a home was purchased Looking…