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"Even if they do drop your loan payment, you can still be in deep negative equity, which is not an immediate crisis," said Adam J. Levitin, an associate professor at Georgetown University Law Center.
Eric Weiss Jersey City, Feb. 3, 2010 To the Editor: Your article highlights both the risk of strategic default by borrowers with deep negative equity and the challenges in crafting an appropriate public policy response.
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Meanwhile many buyers of new-build luxury flats in provincial cities remain deep in negative equity.
Many borrowers are too deep in negative equity and the redefault rate is too high.
Clearly, some borrowers will have no choice but to put up with their SVR – if they're deep in negative equity.
And we are not going back to the go-go years". Underwater homeowners in Los Angeles, Orange, Riverside, San Bernardino, Ventura and San Diego counties were a staggering $138.9 billion deep in negative equity at the end of the first quarter, Zillow reported.
That, in turn, leaves more homeowners deeper in negative equity, saddled with mortgages that vastly exceed the value of their homes.
Buyers are now deep in the mire of negative equity.
The deep recession of the early 1990s during John Major's government curbed the growth in inequality, according to the IFS, as negative equity and white collar job cuts hit the middle classes hardest.
Negative equity and repossessions.
Negative equity threatens some home-owners.
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