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  • Keller Williams at the Parks Blog

    Tuesday, September 17, 2013   /   by Tom Nickley

    Many homeowners have enough equity to sell

    Realtytrac just released its U.S. Home Equity & Underwater Report for September 2013 and the news was encouraging and gives many homeowners hope.  
    While the report shows that more the 10 million homeowners nationwide are still underwater and owe at least 25 percent more on their mortgages than what their properties are worth, another 8.3 million homeowners are now only slightly underwater or above water, which puts them on track to have enough equity to sell sometime in the next 15 months without resorting to a short sale.  
    In Florida, Realtytrac shows that 40 percent of homeowner's are deeply underwater with a loan-to-value of 125 percent or higher, which ranks the state third nationally.  On the brighter side, 13 percent of homeowners in Florida were resurfacing and now have, or soon will have equity.  On top of that, another 12 percent of Florida homeowner's are considered "equity rich" with a loan-to-value of 50 percent or lower.  Another interest ...

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