subject: What is an Underwater Mortgage? [print this page] In a nutshell, then, an underwater mortgage presents homeowners with tough decisions. No one is going to completely win here. But you can get out with most of your finances intact and be a small help to your neighbors and community while you're doing it. So, really, if you're in an underwater mortgage this is not a life-or-death situationunless you let it be one.
What is an Underwater Mortgage?
By: Bud Gragg
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