National Student Loan and Credit Report Debt Attorney

Trapped in Home with Positive Equity?

Recently, Zillow published their Negative Equity Report, which shows that home values are rising and the number of American homeowners with negative equity — or a house “underwater” — has dropped. While this is great news, the report also shows that 18.2% of homeowners with positive equity in their home can’t afford to move from that home. They likely cannot afford a down payment for a new home due to other debts or lack of income, or they cannot qualify for a loan due to their credit score or other debts. In effect, these homeowners are tied to their current homes by debt.

See here for the full report:

If you are a homeowner with a rising home value who wants to take advantage of the real estate market but is being held back by other debts, then contact a debt settlement attorney who can help you negotiate a large reduction in your other debts and get you in a healthy financial position to sell your home and buy the next.

Trapped in Home with Positive Equity? was last modified: November 1st, 2014 by Kevin Fallon McCarthy
The following two tabs change content below.
Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.
Call 855-976-5777 or Chat Now
  • How much do you owe?
    Select your approximate debt.
    Less debt
    More debt
  • The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.