CoreLogic's latest equity report revealed that 675,000 U.S. homeowners regained positive equity in their homes in 2017. (loveohioliving.com)
CoreLogic's latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. (loanbeach.com)
In theory, at least, this can be a win - win - win solution to the problem of underwater homes: Homeowners instantly reduce their monthly payments and begin building positive equity in their homes; mortgage lenders benefit because above - water homeowners are far less likely to default and the foreclosure process is very expensive for banks; and the process helps speed recovery for the entire economy. (business.time.com)