AlkaVita

Underwater Mortgages Hit 11.3 Million



March 1st, 2010

There is a reason that 702 American banks, nearly one in ten, were on the FDIC “problem list” as of the end of 2009. A large number of small and mid-sized banks are burdened with home and commercial mortgages that are in default and may even go into foreclosure.

 


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