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Mortgage
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US Real Estate
15 Percent of all Mortgaged Homes Still Underwater
By
Mike Wheatley
| November 4, 2014
Mortgage
,
Real Estate
,
US Real Estate
Short Sales Falling Out of Favor with Underwater Homeowners
By
Mike Wheatley
| June 25, 2014
Real estate professionals say that their underwater sellers are less likely to consider a short sale, even if faced with foreclosure.
Featured News
,
US Real Estate
Why Using Eminent Domain To "Fix" Underwater Mortgages Must Be Stopped
By
Donna S. Robinson
| July 11, 2012
Lately a number of local municipal governments in California have been considering a seizure of thousands of properties with underwater mortgages, by utilizing their "police power" known as "Eminent Domain". But eminent domain was never intended for this purpose.
Mortgage
,
Real Estate
,
US Real Estate
Sales Held Back By Underwater Borrowers
By
Mike Wheatley
| September 16, 2011
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 […]
Real Estate
,
Residential
,
US Real Estate
Zillow: 28 Percent of U.S. Homeowners Are Now Underwater
By
Tavis J. Hampton
| May 9, 2011
The percentage of homeowners with negative equity has increased to 28, according to Zillow, a website listing and property-value estimate website. Those homeowners, said to be “underwater”, accounted for 22 percent last year, but home values have fallen 8.2 percent over the past 12 months. Zillow says home prices dropped 3 percent in the first […]
US Real Estate
St. Louis and the Negative Equity Woes
By
Phil Butler
| February 14, 2011
Across the country house prices are still on the decline for the most part. And nowhere is this more evident than in St. Louis where more and more homeowners are "underwater" where their home's actual value is concerned. According to Zillow, the people who owe more than their home is worth continues to rise, with one in three mortgages being upside down now.
US Real Estate
15 Million Americans Owe More Than Homes Are Worth
By
Tavis J. Hampton
| February 11, 2011
There is a pocket of Americans who have managed to make their mortgage payments and keep their homes, but who also owe more than the homes are actually worth. While some may owe $200,000 on a $198,000 home, others may owe as much as $200,000 on a home only worth $75,000.
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