Options for an Upside Down Home

Many homeowners are dealing with an upside down home – or, a home that has lost significant value over time and the homeowners owe more than what it is worth. Most people choose to ignore the fact because they are able to make the monthly payment. However, if a tragic event occurs, such as a loss of a job, it is unable to go ignored and can put homeowners in a very tight spot financially. Some people choose to wait it out over years, hoping that the value of homes will appreciate. In today’s market, that is not likely. Read the full article here:  http://homebuying.about.com/b/2012/10/08/options-for-an-upside-down-home.htm