Missing Mortgage Payments Could Cost You Dear

People can miss a mortgage payment for a variety of different reasons, and circumstances do change. Job losses or relocation can all put pressure on household finances and homeowners may end up owing more than their properties value. Figures from the Mortgage Bankers Association show approximately 6% of mortgage loans were at least one payment

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Affordable Homes in the US Less Likely to Be for Sale

An article in aol.com has highlighted the fact that the most affordable homes in the United States are less likely to be for sale.  These are the types of homes most suitable for first-time buyers. They’re less likely to be on the market as their current because their current owners have underwater mortgages or negative

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Fewer Mortgages are in Negative Equity

A new report from RealtyTrac has shown that fewer mortgages are underwater. According to their latest report 19% of homes with mortgages, which equates to 9.3 million properties were classified as being deeply underwater last month. Being deeply underwater means the borrowers owe at least 25% more on their mortgage than the property is worth.

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Underwater Borrowers Regain Equity as Home Prices Rise

Underwater homeowners have been given a tremendous boost by rising home prices over the last 12 months, with more than 1.7 million borrowers regaining equity by the end of 2012. This means that there are now 38.1 million homeowners with equity in the US, according to the latest report from CoreLogic.

Half of US Homes are Underwater on Mortgages

A new study has revealed that an incredible 50% of all homes in the US are now officially “underwater”, which means that more is owed on the properties than what they’re actually worth.

Sales Held Back By Underwater Borrowers

New data released by CoreLogic shows that a large number of homeowners remain “underwater”, a situation where they owe more on their mortgage than their homes’ value, as a result of continuing property price declines. CoreLogic said that around 10.9 million residential properties, which amounts to 22.5% of all mortgaged homes in the US, were

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