HuffPO-
Do you owe more on your mortgage than your home is worth? If so, you are not alone. Nearly one out of every four Americans who has a mortgage is trapped “underwater.” More mortgage holders were underwater at the end of 2011 than in any previous period since 2009, when real estate research firm Corelogic first began tracking the issue.
As a practical matter being underwater can be financially paralyzing. If you need to sell your house, you might actually have to pay the bank to take it off your hands. Emotionally, living underwater is essentially the American Dream in reverse. A nightmare in which your (probably) largest financial asset might never regain its value.
To help sort it out, HSH, a company…
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