Second-mortgage misery
The Wall Street Journal reports today that nearly 40 percent of homeowners nationally who took out second mortgages are underwater — meaning they owe more than the house is now worth. The data comes...
View ArticleReader question: A $50,000 value drop!?
Kevin writes: I tried to refinance in August and the bank said my house went down $50,000 in value since the last time it was appraised in 2006. How is that possible? Kevin, the housing bubble has...
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