Posted on May 21, 2014 at 10:30am 0 Comments 0 Likes
First-time homebuyers are searching for affordable homes; however those homes are a rare find on the market because of the negative equity on most of those homes. According to the first quarter of Zillow® Negative Equity Report, almost 9.7 million homeowners are underwater.
Homeowners who owe more on their mortgage than the house is worth are in a sticky situation. This is usually because they have…
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