upside down home sellers: How to Deal with your Up Side Down Mortgage - 08/30/10 03:55 PM
www.OnePlaceOpenHouse.comThe brunt of the economic crisis particularly within the real estate industry is now really falling on most homeowners who have mortgages turned upside down. The shrinking market value of properties is indeed resulting into a negative equity for the hapless homeowners who have mortgages. In turn this has caused a great deal of distress, panic, nervousness and emotional upset for many that some feel the only option is to just walk away. Until the market can regain its lost footage, no quick solution is in sight. If you are upside down on your mortgage and are in a position where you … (0 comments)

upside down home sellers: Upside Down Home Seller Have You Considered a Strategic Foreclosure? - 02/24/10 12:33 AM
By Dave Dinkel, BREIA
For probably five years I have been asked by homeowners and investors what to do about their upside down properties.  The question was always, "Should I stay and lose money every month or default and just move on?"  The answer has ramifications that are far-reaching, but a decision eventually has to be made.  Whatever decision is made it should only be in the property owners' best interest.  The decision is not a hard one to make when you understand the "real" consequences, which are not as bad as the unknown of what could happen.
I listened to … (0 comments)