Underwater on your mortgage, do a short sale

According to a new report, almost 50% of the nation’s homeowners will owe more on their mortgage than their house is 48% of mortgage borrowers will be ‘underwater’ According to CNNMoney.com, almost half of the nation’s homeowners owe more than their homes are worth. 25 million borrowers, which equates to 48% of all borrowers that have mortgage loans, will continue to be underwater on their properties.

These numbers are steadily increasing based on different reports over the last year. 15 million in March 2008, and 20 million at the end of the first quarter 2009.

Borrowers that are severely underwater are most concerned that their property will never recover and most likely walk away, even if they’re able to make their payment. It’s also very likely that the number of people voluntarily defaulting will grow very quickly.

The good news about all of this, is that Done Deal Solutions, Arizona Short Sale Experts, has the ways and means to help you out of this situation. Contact our office today to start your free evaluation. worth.  That’s frightening.

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1. Short Sale vs Foreclosure, Why a Short Sale is Better
2. Should I short sale my home?
3. How to do a Mortgage Short Sale on your House?
4. Can I sell my house to stop foreclosure?
5. How to Sell Your Home Fast with a Short Sale