Sentences with phrase «positive equity in your house»

If there is positive equity in your house, if you go bankrupt, you must either surrender the house to the trustee, or pay the trustee the value of the equity, which is then distributed to your creditors.

Not exact matches

America's housing crisis generated nearly 4 million foreclosures and devastated residential equity for more than six years, but it also created a powerful new positive force in the nation's residential real estate economy.

While the housing market has recovered in many locations and more homeowners return to positive equity every month as values rise, there are still plenty of homeowners who are under water on their mortgages and even more who have less than five percent in home equity.

In a situation where a house is paid off or at least has some positive equity in it, the real estate can serve as an added buffer against any other financial troubles that a home owner may facIn a situation where a house is paid off or at least has some positive equity in it, the real estate can serve as an added buffer against any other financial troubles that a home owner may facin it, the real estate can serve as an added buffer against any other financial troubles that a home owner may face.

We are told the housing market is improving, but few mention that millions of Americans are living in homes they purchased with positive equity that now have negative equity — their home prices are lower than the mortgage they borrowed on them.

A prime example of these programs» positive impacts can be found in Harlem, New York, where Tahl Propp Equities renovated five affordable housing properties with new Section 8 HAP contracts.

«By and large the inflow is a positive thing, recovery in house prices has been good in home equity and good for the economy.

While the evidence that the increase in positive equity is sparking homeowners to list their homes and move - up is still anecdotal to some degree, brokers believe this trend could soon ease the current housing inventory shortage in most markets.