Underwater on your home? No problem

Source: Wes Moss, Atlanta Bargain Hunter

One upside to the current economic upheaval is that mortgage rates have fallen to their lowest levels in recorded history. Unfortunately, many homeowners who would love to take advantage of this situation by re-financing their homes are unable to do so because they are “underwater” on the property – they owe more on the house than it’s worth in the current market.

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housing, foreclosures

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