Buying or selling a house is typically the largest financial decision the average American will make in their lifetime. Unfortunately, the concept of real estate is not taught to us in school and, again, the average American really doesn’t know or understand how real estate or selling a house works. Big money plus lack of […] Read more »
Underwater Homeowners Owe More Than $1.2 Trillion Than Homes Are Worth
What is an underwater home? It is when a homeowner owes more than the house is worth. For example, suppose you have a house where you owe the bank $150,000 on your mortgage. Now suppose you want to sell this house and you find out it’s only worth $125,000, giving you $25,000 in negative equity. The […] Read more »