Mobile Mortgage News

Underwater mortgages drain equity, dampen retirement

posted 113 weeks ago on Reverse Mortgage Loan Blog

When Jennifer and David Wakefield bought their home at the end of 2005, they believed its value would rise. After all, the couple they'd bought it from made a $100,000 profit in just three years. But instead, the housing market foundered, and the house in Oviedo, Fla., that the Wakefields bought for about [...]a
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