Sure, there are homeowners who are still underwater. And this is a problem and sad situation.
However the situation is improving!. Deeply underwater homeowners – with a loan-to-value ratio on their properties of at least 125% — represented 23% of U.S. residential properties with a mortgage in September, according to RealtyTrac. That number is down from 11.3 million deeply underwater homeowners – about 26% of all residential properties – in May. A year ago, there were 12.5 million deeply underwater properties. That is a tremendous improvement! More details here.
A significant factor is the rebound of home values. As home values are steadily increasing it is helping homeowners realize “the glass is half full” and they may have a solution!
We have a long ways to go before we see values of the early 2000’s so there are excellent values in our communities.
Let me know how I can help you!