by Larry Tolchinsky | Florida Condominium Law, Florida Domicile, Florida Foreclosures, Florida Homestead, Florida Law, Florida Real Estate, Foreclosure Fraud, Underwater Mortgage, Wrongful Foreclosure
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...
