Stuck Underwater News

 
For underwater homeowner, tough choices
Boston.com (blog)
Stuck in an underwater condo in East Boston he is weary of, Beantown-dan is groping desperately for an escape hatch. He figures he can now finally afford a modest home in the suburbs, but can't easily get out from under the mortgage on his Eastie condo ...


 
Daily Mail
Negative equity remains a drag on housing market
Los Angeles Times
As sales and prices improve, some economists expect homeowners who have been stuck in underwater properties to try to sell their homes, muting any significant price appreciation. "Generally I think we are seeing strong signs of an emerging recovery in ...
One third of mortgages are underwater and homeowners owe $1.2T more than ...Daily Mail
Negative Equity More Widespread Than Previously Thought, Report SaysWall Street Journal (blog)
United States Still Struggling with Underwater MortgagesThe Real Estate Media
GlobalPost -JD Supra (press release) -Sun-Sentinel (blog)
all 103 news articles »
 
President Obama tweets his pitch to the public
CNN
In 140 characters or fewer, questions focused on topics such energy independence, help for homeowners stuck with underwater mortgages, and assistance for small businesses. "What plans do u have to keep us & our fellow smlbiz afloat?" one person wrote.

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Sea grass disappears from Maryland's coastal bays
Delmarva Now
The data come from a May 7 survey showing an overall decrease of underwater sea grass by 35 percent. The changes came from July 2010 to May 2011, and include no official data from 2010. "We have lost nearly 20 years of sea grass recovery and the ...


 
Dubai's Underwater Hotel by Deep Ocean Technology (PICS)
Green Prophet
For some people, being stuck in an underwater space might be as uncomfortable as crawling through a cave, but DOT suggests that the view of the sky prevents this from happening. Although they don't seem to have conducted any environmental impact ...


 
Bellingham Herald
Homebuilders back at work in Pierce County
Bellingham Herald
Underwater mortgages prevent people from moving; short sales can take up to a year; buying a foreclosure comes with the risk of major unforeseen expenses. “When someone owns a home they have debt on it. They're stuck on how far they can drop the price ...

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Principal Reductions Won't Solve the Mortgage Mess
Bloomberg
... for refusing to allow Fannie Mae and Freddie Mac to pay for large-scale principal reductions for underwater borrowers (those who owe more than their homes are worth) or to facilitate refinancings for those stuck with high interest rate mortgages.

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