One in Three New Homeowners Have Negative Equity
February 12, 2008
According to a report by Zillow, one in three homeowners have negative equity. This is bad news for homeowners, but good news for the investor who is working the foreclosure short sale angle. A short sale is where the lender agrees to take less than is owed on a property in lieu of the full amount. If you are an investor, there’s a huge supply of these deals.
Learn more at the Foreclosure Investing Boot Camp.
Entry Filed under: housing bubble, real estate. .
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