Familiar with this term?  “Underwater Borrower” means a homeowner owes more on a mortgage than the home is worth.  It’s estimated that 7.5 million American homeowners are currently “Underwater Borrowers.”  You maybe more familiar with the term “Negative Equity,” which has the same meaning.  In Texas, it’s estimated 16.6% of homeowners have Negative Equity as a result of consumers buying houses and prices falling before they could build up any equity.

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