A surprising large percentage of Florida homeowners who purchased their property in 2006 and 2007 now have negative equity on their homes, thanks to the excessively high prices paid when they bought their homes. Negative equity means your mortgage exceeds and gobbles up any ownership interest you have in the property you bought. A frightening and disheartening scenario for homeowners indeed.

The wealthy homeowners in Palm Beach County have been hit the hardest with the largest loss in equity of upwards to 20%. Others who have lived comfortably off of equity lines are now having to put the brakes on as banks are getting increasingly nervous as the world economy panics amid looming uncertainty and unprecedented bankruptcy filings. Foreclosures number over a million nationwide.

A surprising large percentage of Florida homeowners who purchased their property in 2006 and 2007 now have negative equity on their homes, thanks to the excessively high prices paid when they bought their homes. Negative equity means your mortgage exceeds and gobbles up any ownership interest you have in the property you bought. A frightening and disheartening scenario for homeowners indeed.

The wealthy homeowners in Palm Beach County have been hit the hardest with the largest loss in equity of upwards to 20%. Others who have lived comfortably off of equity lines are now having to put the brakes on as banks are getting increasingly nervous as the world economy panics amid looming uncertainty and unprecedented bankruptcy filings. Foreclosures number over a million nationwide.

A surprising large percentage of Florida homeowners who purchased their property in 2006 and 2007 now have negative equity on their homes, thanks to the excessively high prices paid when they bought their homes. Negative equity means your mortgage exceeds and gobbles up any ownership interest you have in the property you bought. A frightening and disheartening scenario for homeowners indeed.

The wealthy homeowners in Palm Beach County have been hit the hardest with the largest loss in equity of upwards to 20%. Others who have lived comfortably off of equity lines are now having to put the brakes on as banks are getting increasingly nervous as the world economy panics amid looming uncertainty and unprecedented bankruptcy filings. Foreclosures number over a million nationwide.

A surprising large percentage of Florida homeowners who purchased their property in 2006 and 2007 now have negative equity on their homes, thanks to the excessively high prices paid when they bought their homes. Negative equity means your mortgage exceeds and gobbles up any ownership interest you have in the property you bought. A frightening and disheartening scenario for homeowners indeed.

The wealthy homeowners in Palm Beach County have been hit the hardest with the largest loss in equity of upwards to 20%. Others who have lived comfortably off of equity lines are now having to put the brakes on as banks are getting increasingly nervous as the world economy panics amid looming uncertainty and unprecedented bankruptcy filings. Foreclosures number over a million nationwide.