How many underwater homes hold risky second-liens?

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 · Principal Reduction: Who Deserves It? Share.. some believe that home equity loans and second liens may be the next shoe to. a greater percentage of first liens are underwater than second liens.

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Lending How many underwater homes hold risky second-liens? Higher payments coming and average payment spike hits $146 per month

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Approximately 2.5 million underwater borrowers hold both first and second liens. The average mortgage balance for this group of borrowers is $290,000. The average underwater amount is $75,000.

If we look at these numbers at face value, it paints a disturbing picture: An underwater welder life expectancy is about 5 – 10 times lower than laborers working in construction or manufacturing. However, that’s only based off of the data we have.

Many homeowners have. a sharp jump in the proportion of underwater mortgages. In California, Florida, and Nevada, more than 20% of mortgages presently have principal balances that are greater than.

 · Many of these second lien mortgages are valueless in reality, as it stands investors that hold them stand to take total losses in the event of widespread foreclosure. The program would be funded by $14 billion from the Troubled Asset Relief Program (TARP), $75 billion of which is already earmarked for mortgage relief.

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should i keep a second home that is under water? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

Q: Our home is underwater by approximiately $50,000 as are many here in Florida. My husband and I can afford the payments but have considered selling to move closer to family and we would like to.

You can have a trillion dollars in assets, but if you have $20 billion in equity with $100 billion in investments that will take a 50% loss, you are underwater by $. to loans not getting paid. How.

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