Real Estate

Homeowners with Underwater Mortgages

Homeowners with “underwater” mortgages are more prone to defaults and foreclosures. They typically do not qualify for refinancing and are unable to sell their homes because they would need to cough up cash at closing time to pay off their mortgage.

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Mortgages Underwater

Here is the article in it’s entirety if you’d like more information.

By Diego Loya

Diego Loya is a Realtor - Broker at Home Living Real Estate Brokerage, a Orange County full services real estate company. Over the past 12 years, Diego has helped homeowners sell and buy their homes. He's loves educating and empowering real estate consumers. You can find him on Google, Facebook and Twitter.

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