Fewer underwater mortgages as higher home prices help owners regain equity — South Florida Sun Sentinel

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Less Than 10 Percent of Homeowners Are Underwater on Their Mortgages When the housing crisis was at its lowest point, more than 30 percent of homeowners owed lenders more than the value of their homes

Now, though, national home values are higher than ever, and many owners who held on to their homes throughout the housing crisis have resurfaced on their mortgages. Still, despite the progress made as the negative equity rate falls, 4.4 million homeowners remain underwater, and about 713,000 of them owe at least twice as much as their homes’ value.

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Homeowners continue to regain equity as underwater mortgages decline. By Paul Owers.. Fewer underwater mortgages as higher home prices help owners regain equity.. south florida sun-sentinel.

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BUILDER Underwater Homeowners Fall Below 10% Rising home values have rescued all but a few of those who turned equity negative in the recession.

Fewer underwater mortgages as higher home prices help owners regain equity . Find more information bout: Fewer underwater mortgages as higher home prices help owners regain equity #AvantiWay #MiamiRealEstate #LiveForward . sun-sentinel.com ‘Seriously underwater’ mortgages are on the decline across South Florida as higher home prices restore.

Home prices are rising and the economy is improving, but the ills of the housing crash are far from cured: 7.4 million borrowers were still "seriously" underwater on their mortgages at the end.

Underwater Mortgage: A home purchase loan with a higher balance than the free-market value of the home. This situation prevents the homeowner from selling the home unless s/he has cash to pay the.

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