The Curse of Negative Home Equity

As more than $113 billion worth of home equity has vanished from South Florida's housing market in the past five years, the number of homeowners with mortgages that are larger than the values of their properties has become enormous. More than 300,000 South Florida mortgages-or 43 percent of them-are currently underwater, the highest level in decades, if not ever. That's about four times the number of homes in foreclosure… Click here to read more

So is it time for you to bailout?

If you're pouring all of your disposable income (the amount of income left to an individual after taxes have been paid, available for spending and saving) into your mortgage secured by a home that's 'deeply underwater' and not saving for the future, you are more than likely digging yourself into a financial hole out of which you will never fully emerge... Click here to read more