More than 5 million U.S. homeowners still owe more than their homes are worth. While this number is down from 15.3 million homeowners experiencing negative equity, in 2012, it is anticipated that with the current trends in appreciation it will still take years for some homeowners to reach a positive equity position.
If you as a homeowner are in this situation and you need to sell, you may need to sell short.
As a REALTOR® who is a Short Sales and Foreclosure Resource (SFR®), my role is to be your resource, during these hard times, and recommend tax, legal and other professionals needed. To find the best solution to your financial distress.
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