Negative equity entraps 145,000 homeowners

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Negative equity entraps 145,000 homeowners

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07-07-2008, 11:45 PM

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Negative equity entraps 145,000 homeowners

A survey conducted by CACI for the Daily Telegraph indicates that one in eight people who have borrowed money to buy their homes since the beginning of last year could be in negative equity. According to the research, almost 145,000 homeowners now have mortgages that exceed the value of their properties. In addition, CACI is predicting that [...]

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