freedom, I don’t have any data but my guess is that plenty of people who bought in the mid-2000’s are underwater on their mortgages. I have a neighbor who is seriously underwater from that time period due to borrowing against her house after her husband died, and now she can’t keep up with the payments. Her options are a short sale if the bank will accept it or foreclosure. This is someone in her 60’s who will not be able to retire. Lots of folks like that out there.
- This reply was modified 5 years ago by MountainBiker.