In Nevada, many people really have nothing to their names when it comes to their mortgages, as they have negative equity and will not benefit from any federal help.
This particular study focuses on Las Vegas, where 60 percent of "homeowners" have negative equity. They are really no better off than renters and probably worse off.
I think one can reasonably assume this negative equity is rampant all over the country now that housing prices have plummeted.
Featured Post
Crater Lake National Park Photos 1
Here are a few pictures I took at Crater Lake National Park in southern Oregon today, including a couple of them from the historic lodge:
-
Golden Tempo has won the 152nd Kentucky Derby. Jose Ortiz is the jockey. It is his first Derby win. This race is historic, for the fir... -
.jpg)
Napoleon Solo has won the 151st Preakness Stakes at Laurel Park. Iron Honor tried to make a bid at the homestretch, he couldn't quite c... -
Another victory for Golden Tempo as he has won this year's Belmont Stakes at Saratoga. Cherie Devaux has won a second leg of the Tripl...
No comments:
Post a Comment