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The Credit Line: What to Do When Your Mortgage is “Underwater”

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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

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  • Listen Live: The Credit Line streams live here every Saturday at 9 a.m. PST/Noon EST, and repeats on Sundays at 11 p.m. PST/ 2 a.m. EST.
  • Listen to the Archives: Listen to previous episodes of The Credit Line in the Credit.com Radio archives here.

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