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Podcast: Black Real Estate Dialogue
Episode: 250,000 Homeowners are Underwater on Their Mortgage
Description: Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email [email protected] and I’ll send you a free training on analyzing a real estate market. A recent article mentioned that 250,000 who took out a mortgage this year are upside down on their mortgage. This means that they owe more that the home is worth. This accounts for 8% of mortgages taken out this year, or 1 in 12 mortgages. The article also mentions that 25% of borrowers with government backed mortgages such as the FHA Loan or...