U.S.-based real estate valuation company zillow.com says one third of Americans who bought a home in the last three years have negative equity. Many of the folks who bought at the top are facing the most brutal of double whammies. First, the last-in, first-out-in-the-street buyers had high loan-to-value ratios. That means that they borrowed 80%, 90% or even more of the value of the house. And now the value is falling, the second whammy.
August 13th, 2008 | Dan Denning | 2 comments | Continued Our DR Global Editions: 
Thursday, March 18th, 2010
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2010-03-18 22:08 Most Comments
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