Tune in to this week’s installment of The Credit Line, hosted by Credit.com’s chairman and co-founder Adam Levin on Los Angeles’ KFWB 980 AM this Saturday, July 9, at 9 a.m. PST/Noon EST.
The show is co-hosted by L.A. radio personality Jeff Levy.
Trapped in an Underwater Mortgage? There is a Way Out.
In the first quarter of 2011, 23% of all residential properties with a mortgage were in negative equity, a.k.a. “underwater,” by an average of $65,000. Across the country, a staggering amount of home equity has been wiped out in the past four years, leaving many homeowners stuck with homes that they can’t sell without losing a lot of money. Gerri Detweiler drops by The Credit Line to talk about the six possible ways homeowners can deal with an underwater home.
[Related Article: Big Banks Offer Big Mortgage Mods, No Application Required]
Call in with your questions
Do you have a question or a personal story about being stuck in an underwater mortgage? Adam Levin and Jeff Levy are ready to take your calls live this Saturday July 9 at 9 a.m. PST/Noon EST, at 888-539-2980.
Listen to The Credit Line