What is mortgage forgiveness? – The Atlanta Journal. – 2013/12/31  · Note that this exclusion does not apply to debt that is cancelled for any reason that is not directly associated with the homeowner’s financial situation or a drop in the home’s value. The Mortgage debt relief act affects 4 main.

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RPT-One in five US mortgages "underwater" in Q4 -Zillow – NEW YORK, Feb 10 (Reuters) – One of every five U.S. home owners owed more on their mortgage than their home was worth in. “It is important to note, however, that the arrival of the bottom does not.

Mortgage Questions: Are You House Poor? – The Balance – If you are financially strapped each month because of your mortgage, you may be house poor. Learn what it means to be house poor and what you can do to fix it.

What does it mean to be underwater on a mortgage – answers.com – Being underwater means, as a homeowner, you owe more on your mortgage than the house is worth. With the current economic issues, they (CNN Money) say one out of five homeowners are in this situation.

Underwater on your home loan? You do have options | SmartAsset – Do you owe more on your mortgage loan than what your home is worth? You’re not alone. In the third quarter of 2013 6.4 million homeowners were similarly underwater on their homes. That comes out to 13 percent of all residential properties with a mortgage. Check out our mortgage calculator. The.

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What does it mean when it say that your mortgage is. – An "underwater" home or mortgage is when you mortgage balance on the home is higher than the fair market value of the home. This situation prevents the homeowner from selling the home unless s/he has cash to pay the loss out of pocket. It also pre.

FINDING MY WIFE'S *SECRET* UNDERWATER MINECRAFT HOUSE! What Is an Underwater Mortgage? | The Truth About Mortgage – Mortgage crisis Q&A: "What is an underwater mortgage?" I have no idea why I never touched on this topic before.perhaps I thought it was too simple of a concept, but clearly it could use a proper explanation seeing that millions of mortgages are now underwater nationwide.

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The Definition of an Underwater Mortgage – Budgeting Money – An underwater mortgage has nothing to do with swimming and is certainly not at all like a trip to the beach. When your mortgage is underwater, it can spell serious financial trouble and may even result in foreclosure. The National Association of Realtors reports that about 22 percent of homeowners are underwater on.

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What Is an Underwater Mortgage? | GOBankingRates – Underwater mortgages can occur for a number of reasons. Taking out a second mortgage or a home equity loan, for example, might cause you to be upside down on your mortgage. economic crises and housing market crashes have historically led to homeowners to have negative equity in their homes.