Off-Topic: Trapped by Negative Equity
(Apalachicola Bay - St. George Island Specific)
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(Apalachicola Bay - St. George Island Specific)
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Name:   Osms The author of this post is registered as a member - Email Member
Subject:   Trapped by Negative Equity
Date:   5/25/2013 11:55:39 AM

Ric, it's interesting to see that ATL is buried in negative equity, but the lake area seems to be in good shape.  Guess the lake area didn't experience the crash, which is what Realtors have been saying all along. If houses are selling the day they hit the market, the pent up demand should see prices increasing soon.  Also, the unforeclosed, but heavily delinquent, mortgages held by banks might start hitting the market if the banks see they can salvage some lost value. Maybe there's hope after all.
Other messages in this thread:View Entire Thread
Trapped by Negative Equity - roswellric - 5/24/2013 7:02:03 PM
     Trapped by Negative Equity - MartiniMan - 5/25/2013 10:05:32 AM
          Trapped by Negative Equity - hibill - 5/25/2013 11:19:44 AM
     Trapped by Negative Equity - Osms - 5/25/2013 11:55:39 AM



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