2013-04-04politico.com

``Underwater homeowners are more likely to wind up in foreclosure. Even if they avoid foreclosure, they are saving every penny to try to pay down their debt. They can't spend at local businesses. They can't move for a better job or invest in starting a small business. They are trapped under America's $628 billion mountain of negative equity. It is in everyone's interest for lenders to work with distressed homeowners to reduce their debts and keep them in their homes.''



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