Too Much Truth Recap: Half of metro Atlanta mortgages underwater

May 24, 2012 12:00 AM
Too Much Truth Recap: Half of metro Atlanta mortgages underwater
" According to the AJC , More than half of homeowners with a mortgage in metro Atlanta owe more than the house is worth, a new report says.

Their negative equity will slow a real estate recovery as some homeowners who would like to sell and move are “trapped in their homes,” because they cannot afford to sell at a loss, said Zillow’s chief economist Stan Humphries. It also makes foreclosure more likely if the mortgagee loses a job or hits other economic shocks, he said.

We had a great discussion about this matter. Click the audio link to hear the conversation…

Download: 01-track-14.mp3 //

Download: 02-track-22.mp3 //

Download: 03-track-32.mp3 //

Download: 04-track-44.mp3 //

Download: 05-track-54.mp3 //

Download: 06-track-64.mp3 // "

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