Report shows 10.7 million borrowers are stuck with mortgages whose property values are less than what the they owe.
By: Julianne Pepitone, CNN Money.com staff reporter
Last Updated: November 24, 2009: 9:59 AM ET
Summary:
The last Tuesday a survey was done, and many of the people with mortgages owe more money that their home is worth. About 10.7 million U.S mortgages are underwater which means to be upside down, without money. The prices of the home are elevating so many of the mortgages are underwater but a positive view of this could be that many mortgages that still have their house can give it and don't need to owe more money to the banks. U.S mortgages are having a lot of economics problems.
Byas: No
http://money.cnn.com/2009/11/24/real_estate/mortgages_underwater/index.htm
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Good summaries but you need to explain how these articles may impact your lives.
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