Under Water On Your Home?
Under water, it's a term that's sometimes used to describe a situation where a homeowner owes the bank or mortgage company more than the home could reasonably be sold for in the current market.
It happens sometimes.
But homeowners often misidentify their situation as being under water when it's not. And others might think they have some equity, but quickly learn that's not the case.
If you think you might be under water on your home, Ron has some words of advice for you.