There's growing panic among homeowners these days as the market values of homes continue to slide. The trend is sending borrowers "underwater," meaning that they owe more on their homes than what their homes' "market values" (the amounts they could sell their homes for today) are. Of course, this is not a good thing, but is it cause for panic? Probably not.

Let's say you purchased a home five years ago for $250,000 with a down payment of $50,000 cash and a 30-year, ...

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