· In an excellent sign for the housing market, more Americans are able to make timely payments on their home mortgages and fewer are losing their homes to foreclosure.
Those price declines are being offset by a pickup in foreclosure sales, which take underwater homes off the market, said Sam Khater, an economist with research firm CoreLogic of Santa Ana, Calif.
Home prices rise 0.3% in August, up 5.6% since January REUTERS/Mike Blake single family homes for sale are seen in San Marcos Home prices rose month-on-month in September for the first time since April. The latest S&P/Case-Shiller home price index.
Fewer. foreclosure, a California research firm said. CoreLogic reported today that Nevada continued to lead the nation in the second quarter with 60 percent of its mortgaged properties underwater -.
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Fewer Nevada homeowners are underwater on their mortgages, but only because many have lost their homes to foreclosure, a California research firm said. CoreLogic reported today that Nevada continued to lead the nation in the second quarter with 60 percent of its mortgaged properties underwater – a situation where the owner owes more on the.
The percentage of homeowners in a negative equity position fell slightly in the second quarter, dropping 20 basis points to 22.5%, according to CoreLogic. The data provider reports that 10.9 million borrowers were underwater at the end of June. An additional 2.4 million borrowers were in a near-negative equity position (i.e., had less than 5% [.]
Orlando-area underwater mortgages decrease in 2Q . Email;. refers to borrowers who owe more on their mortgages than their homes are worth.. orlando sees 2,000 fewer completed foreclosures in.
This might sound encouraging, as it means fewer. foreclosures are so high. So there’s a silver lining for you: fewer mortgages are underwater because more borrowers are drowning. Read the full.
Brinkmann calls it one of the two "triggers" that lead to foreclosure. If homeowners have positive equity, they can use it as a source of cash to pay bills, including mortgages.
CoreLogic: Fewer homes underwater In real estate on September 12, 2012 at 4:35 pm SANTA ANA, Calif. – Sept. 12, 2012 – CoreLogic says 10.8 million (22.3 percent) of all residential properties with a mortgage had negative equity (underwater) at the end of the second quarter 2012.
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CoreLogic: More foreclosures lead to fewer underwater mortgages Welcome to the archives section of my site. Yeah, I’ve been at it for some time now, I know. Sometimes I forget how long it’s been since I first began writing about mortgages and the housing market.