Are You Underwater In Your Mortgage?
You Have Options!
Did You Know You May Actually Be
Able To Sell Your Mortgage?
The Underwater Straight Jacket.
For many decades the real estate industry enjoyed a long stint of fruitful activity. Before 2007 it had never faced a down quarter. Everyone expected to benefit in some way if they owned property. Now however even the appetite of most investors has been curbed by current conditions.
13.8 million homeowners who owe more than their home is worth.
According to a 1st Quarter 2013 report from a reputable online housing market database there are still 13.8 million homeowners who owe more than their home is worth.
What are we to do?
What options do we have?
Do we really have to wait for the market to improve?
The lack of a satisfying answer to these questions is causing many people to feel trapped in their home. It has almost been like wearing a straight jacket you cannot get out of. Yes, mortgages everywhere are underwater. Home equity values have been declining since 2008.
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