I got this graph from Zillow and it shows an interesting picture of the percentage of homes sold for a loss since 2001. AS you can see the percentage sold at a loss has increased greatly since 2007 and is at it's highest percentage in 2008. Many home owners who bought in the last few years have negative equity in their homes. Now if they have to sell they are either bringing money to the closing, going through a short sale or a foreclosure.
We have solutions to help people who are in a negative equity situation and may be forced to sell their home. Please call me at 609-916-7342 ext 704 for a free consultation.
Best wishes,
Matt
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