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Archive for November, 2009

First American CoreLogic released its 3Q findings on properties with negative equity. 23 percent of all residential properties with mortgages were in negative equity in September 2009. Negative equity, often referred to as “underwater”, means that a borrower owes more on their mortgage than their home is worth. Negative equity can occur because of a decline in value, an increase in mortgage debt or a combination of both.

Of Georgia’s 1,573,628 mortgages, 376,954 are “underwater”. And an additional 130,616 mortgages are just 5% away from being “underwater”. Learn more…

Rana Cash
Atlanta Journal-Constitution

The intravenous dye cost the hospital $14. The patient’s bill for it? Try $600.

“That’s more than a 4,000 percent markup. I think about that bill a lot,” said Holly Lang of Georgia Watch, a nonprofit consumer advocacy group…read more.

Heather Duncan
The Macon Telegraph

The Medical Center of Central Georgia is cutting hours, clinics and pharmacy offerings at its W.T. Anderson Health Center, which provides primary and specialty care to the poor…more.