According to a recent report, at the end of September 28.2% of homeowners nationwide are underwater or upside-down with their mortgages.
In other words, the market value of their house is less than what they owe.
Although this is an improvement from the 30.9% of houses underwater at the end of June, it is still a significant amount of homeowners.
Many people in this situation find themselves “locked in” to their house. They may have a need to sell, such as a job transfer, etc.
If you need to sell your house in Birmingham and are underwater or upside down, we have strategies developed specifically for this situation. Call us at 205-390-1050 to discuss these options. We buy houses throughout the Birmingham area.