18% of All Borrowers are Underwater on their Mortgage | To do a loan mod or to do a short sale?

In a recent study released by First American Corelogic (courtesy HousingWire), 18.3% of all borrowers are facing negative equity on their real estate. The raw number of under-water borrowers is estimated at 7.6 million. The study also contained a category of homes that are considered “near negative equity“. This category of borrowers defines situations in [...]

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