Underwater Mortgages Still A Major Concern

Underwater Mortgages Still A Major Concern

Short Sale Solutions

Even though the real estate bubble burst in 2008, over 7.9 million homeowners still owe more on their mortgage that what the value of the home is actually worth. That’s still half of what the peak was in 2012.

The fact is, 15% of homeowners in the United States are underwater. And of those people who owe more on their mortgage than what its actually worth, 52% of them are underwater by more than 20%! Which means even with the 2% home appreciation rate per year, they won’t breakeven until 2020 at the earliest.

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Underwater Mortgages Still A Major Concern

Short Sale Solutions

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