Filed under: Real Estate Appraisers. Tagged as: Data, homes, less, many, mortgages, Shoals, than, worth.
Data: Many Shoals homes worth less than mortgages
By Trevor Stokes, Staff Writer A marketing firm has released data that claim many local homes are underwater, which is a real estate term meaning home values are worth less than mortgages, but some local real estate appraisers dispute the data. Negative equity is worrisome for homeowners and means residents are paying more than what their home is worth.
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