I saw this website in the Press Enterprise. I live in Riverside CA. I bought my home brand new just as the market was peaking (2005) for 650. I borrowed against it and used some credit to finish the yard and home. Now i owe 750 on the house. Well, guess what my house is now worth around 450 or less.
Talk about a fall from grace. I really want to keep the house, is there anything going on for the homeowners that have really suffered equity wise? I heard talk there maybe. My loan is actually pretty good, its 50 yrs and 10 yrs fixed, and its only a little over a yr. in. But all the lost equity is killing me, because i cant get rid of all the unsecured debt.