Sunday, September 2, 2007

A Homeowner Who Is Truly Upside-Down On His Home

President Bush is in the headlines this morning, trying to relieve Americans in mortgage trouble using FHA- and Fannie/Freddie-based solutions. Rather than debate the merits of the pan, let's take some time to reflect upon a homeowner who is truly "upside-down" in his property. The above photograph is of Daniel Czapiewski's tourist attraction in the Polish village of Szymbark. Rumor has it that his last remortgage attempt was denied in Appraisal Review for lack of comparable properties. (Image courtesy: Neatorama)



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[Source: The Mortgage Reports Blog]

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