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Tag: under water

Homeowners With Underwater Mortgages May be Stuck for Years

July 27, 2012 | 9:58 am

Homeowners With Underwater Mortgages May be Stuck for Years

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Although foreclosures in the state have hit a five-year low, real estate experts say millions of Californians who owe more on their homes than they are worth might not see their situation improve for years. “It’s a huge drain on the economy,” said Dean Baker, co-director of the Center for Economic and Policy Research, a […]

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