Hereis another report on homes that are lessthan the homeowner's ripe for a short sale. I do not know if the general population of homeowner knows the meaning of short sale. I do know they know when their e is upside down.
The number of homes that are upside down in Orange County increased in 2010 according to CoreLogic. In all 99,261 homes are upside down. Thosee aree all properties with negativee equity. That would account to 17.7 percent of thehomes in OrangeCounty wereunderwater.
An additional 23,578 homes or 4.2 percent were on the verge of being upside down. If we are to see a lasting recovery we need to help the homeowners who are in trouble with programs that work. The entire system is not functioning well.
These homes that have negative equity are again on the rise. If you have found yourself in this condition and do not understand your options give us a call. There are possibilities don't just give the home to the bank or let them foreclosure on the home.