Due to market conditions, a staggering number of homeowners found themselves owing more on their homes then their homes were worth.
This latest report released by the U.S. Department of Housing and Urban Development is a good sign that the real estate market is recovering.
As of the end of June 2013 the numbers of homeowner who owe more than what their mortgage is currently worth dropped from 12.1 million to 7.1 million.
Here are some other good recovery signs:
- More lenders are making loan modification programs available
- There are more foreclosure mitigation service and options available.
- The Making Home Affordable Program continues to press lenders to identify and respond to struggling mortgage holders prior to any foreclosure actions.
If you would like to assess your homes current market value please feel free to email or give a call to set up an appointment.
These home reports are intensive, and full of detailed information that provides you with a good overview of how your home sits in current market conditions.
Reports are created for you in exchange for a donation of any size to one of my current charities. (View the list on the top right of this page).
Best wishes,
Heather Maier
Email: HeatherNovaHomes@gmail.com
305-281-1873
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