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IPFS News Link • Housing

HomeOwner’s Equity: Less than 15%

05-03-2009 • Ritholtz.com/blog

We know that those homeowners that do not have mortgages — i.e., 100% equity — cannot default. So if we want to understand the potential further mischief real estate land can cause, it is the mortgaged properties we should be watching.

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Reported By Jack Gregson

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HomeOwner’s Equity: Less than 15%

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