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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (273555)9/5/2010 3:41:14 PM
From: bentwayRead Replies (2) | Respond to of 306849
 
"almost half of all borrowers in Florida owe more on their mortgages than their properties are worth"

Wow!

But how many are this bad?

"He now owes $264,000 on the house; a similar home down the street sold for $138,500 in February."

Anyone in that position should just walk. It's a no-brainer.