An upside down mortgage, also called an underwater mortgage, is one that the principal is greater than its free-market value. This results in negative equity that becomes a liability. If you can ride it out, its value may increase over time. If not, seek a loan modification or consider a short sale.
20% of mortgages are underwater By Les Christie, staff writer August 9, 2010: 12:02 PM ET NEW YORK (CNNMoney.com) — More than 20% of the nation’s mortgage borrowers owe more than their homes are.
Fewer underwater mortgages in Florida, but challenges remain top 5 Simple Renovations That Add Value To Your Home Mortgage Masters Group The Home Equity Theft Reporter: Florida Bar Expresses Concern About Increases In Title Closing Attorney Involvement In Mortgage Fraud
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· Crashing home prices left millions of people too underwater to benefit, and the loan-to-value ratio was quickly lifted to 125%, but few banks were willing to.
· South Florida home price gains among best in the nation, index says. but challenges remain, reports say. By Paul Owers. Aug 31, 2016 .. Underwater mortgages falling.
Less Than 10 Percent of Homeowners Are Underwater on Their Mortgages When the housing crisis was at its lowest point, more than 30 percent of homeowners owed lenders more than the value of their homes – Almost 4.5 million American homeowners still owe more on their mortgages than their homes are worth.
Fewer Americans With Underwater Mortgages In Third Quarter. In the second quarter, 22.5 percent of all mortgages – 10.9 million properties – were underwater. In the third quarter that figured has dropped to 10.7 million, 22.1 percent of all mortgages. The CoreLogic report said that 2.4 million borrowers currently hold less than 5 percent equity in the third quarter.
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Percentage of mortgages underwater: 34.7 percent When you think about home prices in Michigan, you probably think of the devastation in Detroit. But the entire state has been affected.
Underwater Mortgages John Krainer and Stephen LeRoy House prices have fallen approximately 30% from their peak in 2006, accompanied by a level of defaults and foreclosures without precedent in the post-World War II era.
Fewer Nevada homeowners are underwater on their mortgages, but only because many have lost their homes to foreclosure, a California research firm said. CoreLogic reported today that Nevada continued to lead the nation in the second quarter with 60 percent of its mortgaged properties underwater – a.