As home prices drop, 270,000 Americans who bought homes this year are already underwater on their mortgage


(Natural News) A new report shows that roughly 270,000 individuals who purchased a home during this year’s red-hot housing market are already underwater on their mortgage, meaning they owe more money than their house is worth. Mortgage software data and analytics company Black Knight revealed that of the 450,000 underwater borrowers noted during the third…

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