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
A Slap on the Wrist
Today, I read the news that a convicted killer who got a slap on the wrist, had once been married to Andy Williams, had a mediocre singing ...
-
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... -
Early today marked the passing of 1950s French icon Brigitte Bardot, who was 91 years old and had mostly been out of the limelight since ret...
No comments:
Post a Comment