Walking Away From Your Home Loan
Real estate market
Sad but true numbers tell the story in real estate:
26% of homeowners defaulted when they could afford to pay their loan.
11.3 million … number of U.S. homeowners whose mortgage balance exceeds the value of their home.
2015 is the year the typical homeowner who is now underwater will have some equity in his home.
14% is the average discount on a home sold by foreclosure vs. its equivalent in a traditional sale.
150 Credit score points that someone with a 780 score could lose are a short sale.
760 credit score you need to qualify for the best rates on a mortgage.
San Diego Realtors
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3 Comments
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It’s hard times now… hard times…
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At this point, the economy looks up! Some people are getting discouraged with the whole atmosphere of everyone elses stories. Sometimes there are good things that happen, like these great opportunities to find a new home!
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“2015 is the year the typical homeowner who is now underwater will have some equity in his home.” What planet are you living on?