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Nearly 1 in 6 home owners 'under water' (Daily Herald)

 
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Meshelemiah
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Joined: 26 Apr 2006
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PostPosted: Fri Oct 10, 2008 11:05 pm    Post subject: Nearly 1 in 6 home owners 'under water' (Daily Herald) Reply with quote
The relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the possibility of a rise in defaults -- the very misfortune that touched off the credit crisis last year.

[url=http://us.rd.yahoo.com/dailynews/rss/search/refinance+home+mortgage+texas/SIG=11ne5f28e/*http%3A//www.dailyherald.com/story/?id=241265&src=109]Read more...[/url]
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