Majority of region's homes 'underwater'

Majority of region's homes 'underwater'

There are 1 comment on the Desert Sun story from May 31, 2012, titled Majority of region's homes 'underwater'. In it, Desert Sun reports that:

In this file photo, a "reduced price" sign is seen on a home for sale. / AP Photo File Photo/Reed Saxon Renegotiate or refinance Some government programs aimed at making loans and payments more affordable may not be available to borrowers who haven't fallen behind on payments.

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Indian Wells Guy

AOL

#1 Jun 7, 2012
My realtor in Palm Desert says the values in real estate may not recover for a decade... except in highest brackets. More foreclosures and short sales each and every month.

If Pelosi regains the House, Obama is re elected and they remove the interest deduction for "second homes' the impact will be devastating for every aspect of the economy for the entire area.

Either way, exciting times ahead for us all.

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