September 19, 2013, 10am PDT
While the 2000-year-old quest to locate the submerged island of Atlantis continues to this day, plenty of cities have suffered the same fate. The futurist website io9 looks at several "once-majestic" cities now buried beneath the sea.
July 19, 2010, 2pm PDT
Nearly half of the commercial real estate in the U.S. is underwater, according to Elizabeth Warren, Chair of the Congressional Oversight Panel. She is concerned that a coming crisis could sink the current recovery.
July 11, 2010, 1pm PDT
What's not known is how many of the homes are investments, or primary or secondary residences, but it's clear that the foreclosure rate for mortgages exceeding $1million is higher than for lower priced homes, according to the New York Times analysis.
The New York Times - Economy
May 29, 2010, 1pm PDT
Millions of American homeowners are underwater facing the loss of their home, causing devastating effects on the national and local economy. But when a homeowner decides to walk away from his or her home, is that a sign of crisis or a shrewd move?
McClatchy Newspapers via Fresno Bee
April 1, 2010, 5am PDT
A recent survey from UNLV suggests that 40% of the residents of the Las Vegas metropolitan area would prefer to leave the state.
March 27, 2010, 9am PDT
The new plan includes controversial ideas like moving underwater homeowners to government-backed FHA loans and giving grace periods to unemployed owners.
March 24, 2010, 5am PDT
The Feds have $1.5 billion to help homeowners at risk of losing homes to foreclosure. Deciding just which homeowners to help is no easy task. This article looks at the decision-making process in Arizona, one of the five states receiving federal aid.
The New York Times - Business
January 26, 2010, 9am PST
A group of investors bought New York City's Stuyvesant Town and Peter Cooper Village in 2006 at the height of the market for $5.4 billion. The speculative deal is now underwater and the investors have decided to walk away from their loans.
September 15, 2009, 9am PDT
About 2.5 million homes have been converted into rental units since 2007 as homeowners try to wait out the loss in value of their properties, according to a new study.
August 8, 2009, 1pm PDT
Willingness to default on home loans has been found to increase in ZIP codes with high foreclosure rates, leaving foreclosure-heavy Las Vegas in danger.