November 21, 2024 10:02 pm
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More homeowners have their heads above water

Screen Shot 2015-12-04 at 6.30.52 AMRising home values helped more underwater homeowners surface in the third quarter

By Laura Kusisto | The Wall Street Journal;

Rising home values helped more underwater homeowners surface in the third quarter, but some of the areas worst hit by the housing crash are continuing to struggle.

Nearly 1 million fewer homeowners were underwater—meaning they owed more than their homes are worth—in the third quarter of 2015 compared with the second quarter.

Continued:

Related: Where a Fifth of Homeowners Are Still Underwater/The Wall Street Journal

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.