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February 29, 2008
10 Percent of Home Loans Under Water
A recent report from Moody's Economy.com found that 10.3 percent of homeowners nationwide owe more than their properties are worth. As a result, these 8.8 million borrowers have more reason to walk away from their investment than do others.
Posted by S. Germain at February 29, 2008 08:11 AM