The first thing you must know about selling your home when you owe more than it’s worth is you’re definitely not alone. According to the Wall Street Journal, the number of Americans that owed more on their mortgages than their homes were worth totaled 10.7 million – or about 23 percent of all U.S. mortgage holders. Even worse…
...about 40% of us who took out a mortgage in 2006 are now underwater.
There are many reasons this has happened, but unscrupulous lending played a major role. In 2000s, the mortgage industry started to make easy-money loans without taking the time to make sure borrowers could afford the monthly payments. In fact, they even went one step further and started offering creative loans such as interest-only programs, negative-amortization and stated-income loans. Sadly, they were setting millions of borrowers, like you and me, up for failure.
If you owe more on your home than it’s worth and feel trapped in a financial nightmare, you must read this entire report immediately. In this report, I’ll show you how you can stop lying awake at night worrying about what you should do with your home and your monthly mortgage payment.
Please feel free to contact me directly to answer any questions you may have or to set up a private appointment to go over your options. We have helped many people who have faced the same situations that you may be facing right now. DON'T LET FORECLOSURE DESTROY YOUR FUTURE!