Group items tagged

Underwater Mortgages

HUD repo homes and bank foreclosure numbers in Tampa are likely to increase again as underwater mortgages rise. Almost 50% of loans are underwater in the area.

Properties on foreclosure list in the U.S. might rise again in the coming months as underwater loan issue escalates. Over 11 million households are underwater.

Tax foreclosure properties and bank foreclosures continue to weigh down home prices in Ohio. The state is also facing underwater mortgage problems of over 20%.

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Your home must be underwater on your first mortgage (or if you have multiple liens, underwater on at least the last one). If this applies to you, you can take comfort in the fact that you have lots of company; recent studies suggest that nearly one-quarter of Americans are underwater on their home mortgages.

Feldman Law Center - News by Feldman Law Center - A grinding recession has put already struggling homeowners in a position where household debt loads are quickly becoming unmanageable. Loan modification has become a well known remedy for those experiencing hardships including toxic mortgages, job losses, being underwater on the house, divorce, etc. It has been widely reported that fully half of these modifications end up back in default within six months. Recently Fitch Ratings published estimat

Foreclosed homes HUD and other residential property prices dipped in several areas of Georgia. The decline further increased the number of underwater mortgages.

Listings of foreclosure homes continued to hammer housing prices down in the fourth quarter of last year. The drop in prices led to more underwater mortgages.

Foreclosed duplex homes for sale and distressed homes are projected to rise in Cleveland County in 2011. Underwater loans are the reason for the projection.

Investing in repossessed homes can become even better in the coming months as home prices fall. Analysts also revealed that underwater mortgages have risen.