Comments on: Buying a home? Learn how negative equity can become your worst nightmare.

By: Alex

Alex — Wed, 02 Dec 2009 21:54:02 +0000

Another problem of negative equity - the bank may require to put some money to cover the gap. This happened in Singapore and other places.
Whether you would have enough spare cash to cover it or have to sell and be left with a debt…Neither option is pretty.

By: Carnival of everything about personal finance - 12th Edition | nil2million.com

Wed, 07 Oct 2009 11:02:21 +0000

[...] presents Buying a home? Learn how negative equity can become your worst nightmare. posted at Home I [...]

By: Chris

Chris — Sun, 20 Sep 2009 07:21:07 +0000

If a homeowner has the time to wait until the property market gets back up, then no harm is done and he will be owning a home that is worth the mortgage. The only thing is no one knows how long such recovery takes.

By: Tim Hawkins

Tim Hawkins — Sun, 20 Sep 2009 04:16:23 +0000

So, how is a negative equity situation if the homeowner doesn’t have to move and has a great job?

By: stephanie

stephanie — Wed, 16 Sep 2009 13:28:14 +0000

if you’re in a negative equity position, apply to have your property taxes lowered - surely the assessed/appraised value used to calculate your taxes must also be lowered.

hang in there.

By: Chris

Chris — Wed, 16 Sep 2009 12:33:15 +0000

I’ve just been featured in Money Hacker Carnival, head there for some interesting reads.