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Underwater Mortgages in Florida: No Easy Answers and No Government Relief in Site

The Sun Sentinel published an excellent overview of the current crisis for many Florida homeowners today in a piece written by Paul Owers, entitled “Homes bought five years ago the hardest to sell.”  Owers covers the situation that many property owners...

Underwater Mortgages in Florida: What Are They, What Can You Do If You’re Underwater in Your Mortgage?

Underwater mortgages are those situations where the homeowner is said to hold “negative equity” in his property — he is “upside down” — because he owes more to the lender than he can get if were to sell the property. Which makes it...