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CoreLogic Reports 22.5% of America's Homes are Underwater in Q2

CoreLogic, a provider of information, analytics and business services, released Q2 negative equity data in September 2011. Negative equity, often referred to as “underwater” or “upside down,” means that borrowers owe more on their

Mount Vernon Mid-year Foreclosure Report 2011

Foreclosures & Short Sales 92 single & multi family homes have sold from January to July of 2011. 42% of sold homes were either foreclosures or short sales. 29% were foreclosures. 13% were short sales. There are 288 single & multi family homes

Short Sale Lies

You may find yourself in a position where you can’t afford to keep paying your monthly mortgage payments and your house is now worth less than your loan balance. If so, you may need to do a short sale to avoid Foreclosure…yes the F-bomb.