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One in three mortgage holders still underwater
invite response
2012 May 24, 4:34am 879 views 1 comment
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PockyClipsNow
2012 May 24, 4:43am
PockyClipsNow
2012 May 24, 4:43am
But the feds now pay for undawata refi to get a super low int rate.
Of course its a trap and anyone more than 100k under is being horribly taken advantage of here (refi confirms the debt and it becomes recourse vs purchase loan is non recourse in CA).
You really have to watch what you sign in this country. The whole system is predatory.
http://economywatch.msnbc.msn.com/_news/2012/05/23/11835006-one-in-three-mortgage-holders-still-underwater?lite#addthis_1
#housing