One of the types of debt that consumers sometimes hold is mortgage debt. Recently, an article on Bloomberg's website reported on some mortgage-related statistics. The statistics came from multiple sources and they regard mortgage debt and underwater mortgages in the U.S. in 2011's third quarter.
One of the mortgage debt-related problems many homeowners have faced in recent years is being underwater on a property. A person is underwater on a property when the value of the property the person has a mortgage on is less than the amount the person still owes on the mortgage. Being underwater on a property can have a variety of impacts on a homeowner.
In recent years, many individuals have faced problems with mortgage debt. One thing that some homeowners are currently facing is being underwater on a mortgage. A person is underwater on a mortgage when the amount they owe on the mortgage is greater than the value of the property the mortgage is on.
The happenings in the economy in recent years have had many effects on individuals in Miami-Dade County and Florida as a whole. They have led to many consumers facing problems with mortgage debt. One mortgage problem a consumer can face is being underwater on a mortgage.