1/3 of all U.S. mortgage notes are in "negative equity" positions right now.
"negative equity" (the house is worth less than the mortgage payoff amount) is one of the major straws on a family's back before they decide to walk away from their house.
Look for a very large number of foreclosures in the next few months.
Look for the news to be "unexpected" according to "experts" who should be reading Michael Shedlock instead of watching MSNBC.
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