How To Get Out of the Water 0
Get foreclosed:
That’s still more than one in five local mortgage borrowers – 21 percent – who are “underwater” on the loans, according to CoreLogic, which is based in Santa Ana, Calif., and tracks mortgages across the country.
Although the number of underwater homes has fallen by about 2,000 since the end of 2009, the firm attributed the decline to lenders foreclosing on previously underwater properties rather than home values stabilizing or going up.
There. Problem solved.
