underwater loans: Sinking, Sinking, Sunk! I think my loan is drowning?!?! - 01/21/09 02:05 AM
Everyone knows that your boat is supposed to stay on top of the water, not under it. But sometimes things just don't happen the way you planned it too. So Mr. Lender you financed me, and like the Titanic my loans market value sunk to the bottom of the frigid dark ocean floor. Well, maybe not that far, but it sunk under the book value. And if Mr. Lender decided to sell that loan on the secondary market, he would suffer a loss.
That is pretty much an underwater loan, but what makes it sink? Well, there are a number of … (0 comments)


Matthew O'Shea

The O'Shea Group at Prudential - 402.310.5977 -

Lincoln, NE

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Prudential Ambassador Real Estate

Address: 3801 Union Drive, Suite 204, Lincoln, NE, 68516

Office: (402) 437-8700

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