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Underwater: Options When Your Mortgage Is Upside Down by Chris Lauer

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Advice from an EconomistRob Wassmer

Dr. Rob Wassmer is chairperson and professor in the Department of Public Policy and Administration at California State University, Sacramento (Sacramento State). Professor Wassmer is also the Director of Sacramento State’s Master’s Program in Urban Land Development. In addition, he teaches courses in applied microeconomics and public policy, urban economics and public policy; benefit/cost analysis; regression analysis; and state and local public finance.1

As an economist, Wassmer said that there are many things that people with underwater mortgages should consider when they look at the state of their finances. ...

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