Boston Real Estate for Sale

danger real estate

Colleen M. Sullivan reports in this week’s Banker & Tradesman that almost 70 percent of Bay State homeowners who purchased a home between 2003 and 2007 with some kind of second loan are now underwater.

That translates to about 71,000 homeowners throughout the state who owe more on their homes than they are currently worth. I wonder, how many of those 71,000 homes will go into foreclosure?

File Under: Danger ahead.

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