We know it sounds unbelievable, but the truth is that there is life after your underwater mortgage and there is life after foreclosure-and it’s not such a bad life after all! Kristin and I know what we’re talking about. After the real estate bubble “popped” in 2007, we found ourselves underwater on several mortgages. We’re Realtors, after all, and we believed what the “experts” had to say about how property values would never stop rising.
Read this article: Rebuilding Your Credit After Foreclosure on an Underwater Mortgage