The figures of this site are showing that 26.6% (128,585) houses in the Cleveland area have negative equity. It is hard to argue about the topic when there are homes for sale on almost every street. Homes are being lost in what seems a trade for new businesses. The home-owners who can pay on the mortgage have no options in the event of an emergency. The only way to not be dragged through the mud is to pay up. Most people are becoming desperate and wonder if they should eventually relocate before they have the bank hunting them down for paper work or a hefty sum.
Is the city you live in worth waiting for an increase?
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