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About 28% of Homeowners are Under Water (Negative Equity)

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.

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