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Good News For Home Owners....
 
 
I came across this article and wanted to share with all Home Owners..
 
More Home Owners Lifted From Underwater Daily Real Estate News | Thursday, September 13, 2012   As values rise, more home owners are finding equity in their houses again, surfacing after being underwater on their mortgage for the past few years, according to the latest data from CoreLogic.
In the second quarter, 10.8 million, or 22.3 percent, of home owners owed more on their mortgage than their house is currently worth, which is down from 11.4 million — or 23.7 percent — in the first quarter, CoreLogic reported Wednesday.
Often, the fear among the industry with underwater home owners is that they will be much more likely to stop making their mortgage payments and walk away from their properties. However, the majority of underwater home owners — 84.9 percent — are up to date on their mortgage payments despite the decrease in the value of their homes, according to CoreLogic.
“The level of negative equity continues to improve with more than 1.3 million households regaining a positive equity position since the beginning of the year,” says Mark Fleming, chief economist for CoreLogic. “Surging home prices ... more

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