Sentences with phrase «homeowners with mortgages owe»

Additionally, 2.4 million homeowners with mortgages owe more than double what their home is worth.

Nationwide, one in four homeowners with a mortgage owed more on their homes than the homes were worth in the first quarter, Zillow data shows.

Not exact matches

Finally, the homeowner bought her property with nothing down but the lender foreclosed anyway — after about a year she owed them over $ 32,000 in arrearages — equivalent to more than a year of mortgage payments!

A homeowner who owes much more on the mortgage than the house is worth, and who has the option to extinguish the debt by signing over the deed to the house, would be foolish to pay down the mortgage with spare cash.

Under the new Obama plan, homeowners who owe as much as 105 % of their home value on their mortgage can qualify to have their mortgages modified to new terms, with interest rates as low as 2 % in many cases.

For instance, a homeowner with a single - family home valued at $ 200,000 is underwater if that owner still owes $ 250,000 on her mortgage loan.

As their homes lost value, they lost equity, with many homeowners actually falling underwater, meaning that they owed more on their mortgages than what their homes were currently worth.

Most homeowners find themselves stuck with an upside down mortgage because their balance owed is more than the property is worth.

With U.S. home values having fallen by more than 20 % nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth.

There are many homeowners who want to sell their property but with the decline in real estate values across the country, they find themselves owing their mortgage company more than their properties are currently worth.

• 96 percent of homeowners are happy with their decision to own and 84 percent who are «underwater,» or owe more on their mortgages than their home is worth, expressed the same sentiment.

CoreLogic estimates 95.4 % of California homeowners with mortgages have equity, with only 4.6 % of mortgages underwater — where consumers owe more than the current value of their home.

The study also found 31.8 percent of all single - family, detached homes with mortgages in the Chicago area were underwater at the end of March, meaning the homeowners owed more on the loans than the properties were worth.

Nearly 2.5 million residential properties with a mortgage nationwide are still in negative equity territory, in which homeowners owe more than their mortgage.