This is me - April 2006 - in front of my new house - construction completed and purchased Jan. 31, 2006. Now I’m “underwater” by approx. 50 percent; my market value to basis is approx. 33 percent.
15.7 million homeowners are underwater. This Tumblr blog is for homeowners throughout the country to share how their dreams are drowning, to show that none of us is alone in our struggles, and to show how even one underwater mortgage is more than America can afford.
WANT TO LEARN MORE? Check out the new America Underwater website, featuring a map of the U.S. with state-by-state breakdowns of underwater homes, and information about the solution America needs: principal reduction.