houston short sales: What is Negative Equity Or An Upside Down Mortgage?
- 02/25/12 05:47 AM
Negative equity occurs when the value of an asset used to secure a loan is less than the outstanding balance on the loan.[1] In the United States, assets (particularly real estate, whose loans are mortgages) with negative equity are often referred to as being "underwater", and loans and borrowers with negative equity are said to be "upside down".In owner-occupied housing market, a fall in the market value of a mortgaged house or condo is the usual cause of negative equity. Negative equity in the owner-occupied market sometimes occurs when the owner obtains second-mortgage home-equity loans, causing the combined loans to … (1 comments)
houston short sales: Feeling Trapped by your Mortgage? Education Is Key!
- 02/03/12 05:17 AM
Feeling Trapped by your Mortgage? Education Is Key When faced with unaffordable mortgage payments, your house can feel more like a cage than a home. You may feel trapped because it’s hard to know what to do to improve your situation, and you may just want to give up.
Don’t give up!
The reality is you don’t have to be a prisoner to a mortgage you can no longer afford. You have options and you’re not alone. I can help you find the key to financial stability through education and a greater understanding of your alternatives.
Get your short sale questions answered by our team of real estate agents, negotiators, attorneys, mortgage brokers, title companies and more. Just add a comment to the post, and we will answer your questions usually within 24 hours or less. RSS feed your question to get an immediate notification when it is answered. … (2 comments)
houston short sales: Your Short Sale Questions Answered Here
- 08/18/09 11:10 PM
Get Your Short Sale Questions Answered Here! Get your short sale questions answered by our team of real estate agents, negotiators, attorneys, mortgage brokers, title companies and more. Just add a comment to the post, and we will answer your questions usually within 24 hours or less. RSS feed your question to get an immediate notification when it is answered. Or contact us at 832-330-4588 … (0 comments)
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