Zillow: 28.4% or 16.2 Million Owners Owe More Than House is Worth. Prediction for Bottom Pushed to 2012.

If you're a BUYER, research carefully to avoid being  underwater in 2012.  Many who purchased with the 2010 Homebuyer Tax Cred are now underwater.  Just a small drop in price can quickly drag a home underwater when you factor in interest, and consider the upfront agent fees and closing costs.


In this area,  nearly 30% of mortgage holders  are at or near negative equity.  Virginia had a mighty