The Real Estate Encyclopedia
Underwater need not mean foreclosure.
Category - Real Estate Information Sources - Real Estate Articles
The number of "underwater" homeowners - those who owe more on their mortgages than their home is now worth - has been growing sharply since 2006 as real estate prices have fallen, with maybe one in eight homeowners in that position. But, while it's unpleasant, many experts say it doesn't lead huge numbers of homeowners to default on their mortgages and end up in foreclosure.

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http://www.floridarealtors.org/NewsAndEvents/n4-110508.cfm
 
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Real Estate Information Sources - Real Estate Articles
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