Peter Pays Paul

Inside commercial hard money lending.

12 Nov

Mountain House, California – The Town Most Underwater on Mortgages

Category: Credit Crisis, Life-in-General, Real Estate Finance, Real Estate Investing

The NY Times has an interesting article on the California town of Mountain House that sprang up during the housing boom. The first homes were sold in 2003 and according to the article 90% are underwater on their mortgages.

Read the Article

The NY Times also has a map of the locations where homes are worth less than their mortgages.

Interactive Graphic – NYTimes.com.

Tags: California, Credit Crisis, Real Estate Finance, Real Estate Investing


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Posted Wednesday, November 12th, 2008 at 5:04 pm
Filed Under Category: Credit Crisis, Life-in-General, Real Estate Finance, Real Estate Investing
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