September 21, 2022
September 20, 2022
September 19, 2022
As summer approaches, Connecticut has seen one of the largest declines in the nation in mortgages classified as “seriously underwater” — those for which homeowners owe 25% or more on their loans above the market value of their homes.
This can lead to a loss on any attempted sale and perhaps cause a mortgage lender to act more aggressively in any foreclosure scenario when a homeowner is having trouble keeping up with their payments.
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