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Half of Borrowers under 40 Underwater.

June 26, 2013

08/23/2012 By: Esther Cho The share of homeowners with underwater mortgages continued its decline in the second quarter, according to the Zillow Negative Equity Report. About 15.3 million homeowners with a mortgage were underwater, or 30.9 percent, a drop from 15.7 million or 31.4 percent. The report also revealed that negative equity more often affects younger age groups, with nearly half (48 percent) of borrowers under 40 with an underwater mortgage. Those between 30 and […]

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Avoid Foreclosure…Rent Your Home!

June 14, 2011

Of all the impacts that the housing crisis has created, none can create more stress and concern for a homeowner than foreclosure. Perhaps your adjustable rate mortgage has skyrocketed and you can’t meet the payments anymore, or maybe you’ve lost your job and are now only making a fraction of what you once were. Whatever the case may be, there are options to help you avoid having to default on your mortgage payment. One of […]

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