Unhappy homeowner checking her home's value


Antonio Guillem / Shutterstock.com

Nearly 1 million homeowners across the U.S. find themselves “underwater” on their mortgages. This unhappy condition — also known as having “negative equity” or being “upside down” on your mortgage — results when you owe more on your mortgage than your home is worth. A decline in your home’s value or an increase in your home-loan debt can quickly put you underwater. The good news is that the…

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