Comments on: 30% of Home Borrowers Effectively Underwater http://housingstorm.com/2009/11/30-of-home-borrowers-effectively-underwater/ Real Estate News from Real Estate Experts Sun, 12 Feb 2012 13:38:19 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Will common sense prevail? | Should I Walk Away From My Mortgage? http://housingstorm.com/2009/11/30-of-home-borrowers-effectively-underwater/#comment-1536 Will common sense prevail? | Should I Walk Away From My Mortgage? Thu, 11 Feb 2010 01:37:36 +0000 http://housingstorm.com/2009/11/30-of-home-borrowers-effectively-underwater/#comment-1536 [...] 30% of Home Borrowers Effectively Underwater 22.6% of homeowners with mortgages now owe more than their homes are worth, according to First American Core Logic data…. [...] [...] 30% of Home Borrowers Effectively Underwater 22.6% of homeowners with mortgages now owe more than their homes are worth, according to First American Core Logic data…. [...]

]]> By: Lisa Cartolano http://housingstorm.com/2009/11/30-of-home-borrowers-effectively-underwater/#comment-915 Lisa Cartolano Tue, 01 Dec 2009 20:06:20 +0000 http://housingstorm.com/2009/11/30-of-home-borrowers-effectively-underwater/#comment-915 Tony, Hi. Good question. When talking about homeowners being underwater it refers to those homeowners who owe more on the mortgage than their home is currently valued at. For example if a homeowner purchased a home for $570,000 3 years ago with a mortgage amount of $55,000 and the home in the current market is valued at $475,000, than that homeowner is “underwater”. When you see homes listed as a short sale, this is the same situation. The homeowner is selling their home for less than the mortgage amount they currently hold. Tony,

Hi. Good question. When talking about homeowners being underwater it refers to those homeowners who owe more on the mortgage than their home is currently valued at. For example if a homeowner purchased a home for $570,000 3 years ago with a mortgage amount of $55,000 and the home in the current market is valued at $475,000, than that homeowner is “underwater”. When you see homes listed as a short sale, this is the same situation. The homeowner is selling their home for less than the mortgage amount they currently hold.

]]> By: Tony http://housingstorm.com/2009/11/30-of-home-borrowers-effectively-underwater/#comment-908 Tony Mon, 30 Nov 2009 17:01:51 +0000 http://housingstorm.com/2009/11/30-of-home-borrowers-effectively-underwater/#comment-908 What exactly this underwater mean? What exactly this underwater mean?

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