For many underwater homeowners — homeowners that owe more on their mortgage than the house is currently worth — they have a bit of an upper hand with their lenders. Lenders are reluctant to foreclose on these homeowners even if they’re in default, because that would mean realizing a loss on the property: selling below […]
Entries from January 2013
Mortgage Forgiveness Debt Relief Act of 2007 extended
January 14th, 2013 · No Comments
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