24
Nov

23% OF AMERICANS ARE UNDERWATER HOMEOWNERS

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Did you know that 10.7 MILLION homeowners owe more then their house is worth? If you bought your home around 2006 - you are most likely one of them.

Bailey, CO (PRWEB) November 30, 2009 — Recently the media has stated that housing prices seem to be stabilizing. NOT TRUE! 23% of ALL homeowners owe more than their property is worth, making them “Underwater Homeowners.” That equates to 10.7 million people!

 
  • Nevada heads up the states with 65% of its homeowners underwater. 65%!
  • Arizona has 47.9% of its homeowners underwater.
  • Florida has a whopping 44.7% of its homeowners underwater.
  • Michigan was hard hit with 37.3% of its homeowners underwater.
  • And California has the distinction of coming in 5th with 34.3% of its homeowners underwater.

Where do underwater homeowners turn, who can really help them, what is the government doing to save these homes? The media has made the average homeowners afraid of real estate investors, bankers, mortgage brokers, and even real estate agents by reporting horror story after horror story. With ACORN getting negative press as well, the task of solving the problem may seem daunting to most homeowners. By following the strict ethical advice of foreclosure expert Dwan Bent-Twyford, distressed homeowners can expect a win/win solution to their dilemma.

National Foreclosure Expert Dwan Bent-Twyford says, “Underwater homeowners have many options that they are not even aware of. They do not have to lose their home to foreclosure.”

With the obstacle of “who to trust” rising, Twyford released a best-selling book, How To Sell A House When It’s Worth Less Than The Mortgage – Options for Underwater Homeowners and Investors, which informs distressed homeowners of all their options and how to “do it themselves.” Most homeowners don’t know that they can save their own house or employ the assistance of an experienced investor if the task seems overwhelming.

Homeowners can contact their bank and do a loan modification, forbearance agreement, deed in lieu, or even a short sale as well as several other options. Foreclosure is not a death sentence. With the proper guidance, it is a fresh start!

The market won’t begin to stabilize until late 2010 - if then. In the meantime, underwater homeowners have many good options.

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