short sale: My Mortgage is Underwater. Now What Do I Do? - 04/16/10 06:07 AM
This new real estate ‘technical’ term underwater is getting quite a bit of press lately, and unfortunately it applies to a lot of us. What it means is “my house is no longer worth as much as I owe on it.” It means your equity is gone, and it also means that you can’t easily sell the house and pay off the loan if you want to move. Truly an unpleasant situation.
Just for some rough numbers on the scale of the problem: there are about 110 million households in the U.S. Of that, about 70 million are in owned homes, … (2 comments)

Chuck and Diane Reiling (Veritus Realty Group             and RE/MAX Metro+Eastside)

Chuck and Diane Reiling

Bellevue, WA

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Veritus Realty Group and RE/MAX Metro+Eastside

Address: 2810 165th Place NE, Bellevue, WA, 98008

Mobile: (206) 850-3507

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A blog about homes, real estate and other interesting things to see and do around Greater Seattle, Bellevue and the Eastside - designed to help people who are thinking about buying, selling or relocating in the Greater Seattle/Bellevue area by providing timely and accurate real estate market information, neighborhood, commute and schools information, and tips on interesting and worthwhile things to see and do.



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