Sunday, August 9, 2009

debt management



Will Nearly Half Of Mortgages Be Under Water In 2011?
Deutsche Bank, which is also one of the largest and most respected financial institutions in the world, recently made a prediction that by 2011, nearly half of all US homeowners with a mortgage will be %26ldquo;under water%26rdquo; by then. Under water (or underwater) is a financial term which indicates that a home is worth less than what is owed on the loan. Holders of these types of loans are considered %26ldquo;upside down%26rdquo; and would lose money if they were to sell their homes. When the real estate market has a s

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