11.05.2011 - If property prices plunge, could you be facing negative equity?
Up to 1.5?million homeowners could be lumbered with a mortgage greater than the value of their home, as property prices plunge. A Money Mail investigation has found the threat of negative equity is hanging over the heads of hundreds of thousands of homeowners who put down deposits of less than 20?pc during the boom years. It is difficult for economists to make precise estimates, but many agree a matching fall in house prices could leave between 1.02?million and 1.1?million homeowners in negative equity..............................................Full Article: Source
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