real estate market: What to Do if You are Upside-Down
- 04/26/11 01:50 PM
When one refers to being ‘upside down’, this essentially means that one has negative equity in a property. No matter where, negative equity is a reality to many. Yes, in the past there were bad judgment practices to be had in the way of purchasing and way too much pressure put on buyers by shady secondary predatory lenders resulting in poor and too quick decisions in purchasing real estate. All over the board statistics show that the housing market was tremendously affected by bad choices, whether it involved those purchasing as an investor, a first time homebuyer, secondary home buyer, or … (2 comments)
This blog is written to keep buyers informed on the latest real estate trends in Naples, FL. Tim also shares his expertise on helping other agents in the industry learn more about setting systems.
When one refers to being ‘upside down’, this essentially means that one has negative equity in a property. No matter where, negative equity is a reality to many. Yes, in the past there were bad judgment practices to be had in the way of purchasing and way too much pressure put on buyers by shady secondary predatory lenders resulting in poor and too quick decisions in purchasing real estate. All over the board statistics show that the housing market was tremendously affected by bad choices, whether it involved those purchasing as an investor, a first time homebuyer, secondary home buyer, or … (2 comments)
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