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IPFS News Link • Housing

1 out of 3: 27 Million Homeowners Believe Their Home is Underwater

04-14-2010 • TheTruthAboutMortgage.com

And 26 percent of those homeowners are having a “great deal of difficulty” paying off the mortgage, which could mean strategic default if they’re unable to snag a loan modification. That would add to the shadow inventory and weigh down home prices and a possible turnaround, and let’s not forget homeowner sentiment is likely overly positive.

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