I've been appraising real estate for twenty years now. I've seen people pay more for their house than it is worth. It can happen for a myriad of reasons. I recently was asked about this by Alan Heavens from the Philadelphia Inquirer. I would like to share that article with you. It was published on August 8th. Please click on this link to read the article.
http://m.philly.com/phillycom/db_/contentdetail.htm?contentguid=YqGrswQo&full=true#display
Enjoy the few remaining weeks of summer!