I’m a little surprised powayseller didn’t jump on the fact that he’s not a recent buyer of his home. He should have a nice equity cushion but has hit the house ATM a little too hard.
How many others are there like this guy? We all know many no-money-down recent purchasers are in trouble and they’re somewhat quantifiable.
Are there any figures out there that provide insight into the number of non-recent homeowners who have pissed away their equity?
