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'Underwater' Mortgages May Spark New Wave Of Foreclosures
Long before she filed for bankruptcy, Ann Neukomm was "under water" -- she owed more on her mortgage than her house was worth -- a situation more and more Americans are finding themselves in.
With millions of Americans facing financial hardship and difficulty making their mortgage payments, there comes a time when a homeowner has to decide whether they should continue to make their mortgage payments and burn up their reserves or stop making the payments and conserve t …
Taylor Wimpey, the UK's second largest housebuilder, has revealed a £19.5m loss after its US business took a hammering from falling land values and house prices.