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Tag: underwater mortgage

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US government is providing help to the underwater mortgages

Thousands of Americans who are lagging behind their mortgage payments are finding that home values have dropped so low that their loan amount is more than the price of the property. The number of homes with negative equity is around 11.2 million. This has created additional stress on the homeowners, especially those who are unemployed. […]

Posted on August 14, 2010August 14, 2010 Author JIT Mukherjii Comment(1)

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