Property values are recovering, more quickly in some markets than others. This is greatly affecting about a third of the nation's homeowners who are currently in the process of foreclosure - they are discovering that they may no longer be underwater.
During the first quarter of 2013, 26% of all homeowners were seriously underwater (debt equal to or more than 25% of their home's value). This year, that number is down to 17%. According to RealtyTrac, that equals almost 2 million homeowners. That positive equity may help some of them avoid foreclosure with a refinance or short sale. The Denver metro area is a population where perhaps half of the homeowners in foreclosure may actually have gained equity again.
Many homeowners may not realize their good fortune, some of them having vacated their properties already. If you'd like to find out if your home's appreciation is significant, please contact me. My team of experts will get you the right information and help you navigate the process of getting back on the shore.
I would love to help you with your real estate journey.
Please contact me at 303-917-7143 or robbin@stauferteam.com
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