A new study has revealed that an incredible 50% of all homes in the US are now officially “underwater”, which means that more is owed on the properties than what they’re actually worth.
US Mortgage Debt Slashed By $100 Billion In The Last Year
May 18, 2011 by
A recent article on the USA Today website reported that American homeowners have managed to trim $100 billion off of mortgage debts over the past year. Apparently, there are a number of contributing factors to the reduction of the US’s yearly mortgage debt, such as refinancing of mortgages, lower interest rates and homeowners choosing
