Fewer U.S. homes underwater as prices rise

Fewer U.S. homes underwater as prices rise More than 1.3 million U.S. homeowners who owed more on their mortgages than their homes were worth have regained equity this year,  Santa Ana-based data firm CoreLogic says. Increases in home values are giving homeowners not only more equity but the ability to refinance. Nationwide, home values saw the biggest annual …

Continue reading ‘Fewer U.S. homes underwater as prices rise’ »

How long will you be underwater?

How long will you be underwater? About 16 million homeowners owe more on their mortgage than their homes are worth, which means they are “underwater.” So long as that condition continues, they have no equity that can be used to help finance the purchase of another house. On the contrary, they can’t sell the house …

Continue reading ‘How long will you be underwater?’ »

Refinance or modify while it’s still possible

Interest rates have been very low for several years, and right now they are lower than ever, yet millions of mortgage borrowers who could profit from a refinance haven’t. Similarly, millions of borrowers who are having trouble making their mortgage payments but want to remain in their homes could have their mortgages modified to make …

Continue reading ‘Refinance or modify while it’s still possible’ »

Real Estate Fraud

Property Documents California’s challenging real estate market has made property fraud and other related schemes more prevalent. The Clerk-Recorder Department provides for the examining and recording of all documents dealing with establishing ownership of real property or land in Orange County.  The department also records other documents, such as deeds of trust, reconveyances, liens and …

Continue reading ‘Real Estate Fraud’ »