23% Of Americans Are Underwater Homeowners

Bailey, CO (PRWEB) November 30, 2009

National Foreclosure expert, Dwan Bent-Twyford has released a very best-promoting book, How To Sell A Home When Its Worth Less Than The Mortgage Possibilities for Underwater Property owners and Investors, which informs distressed homeowners of the options available and how to do it themselves. Most homeowners dont know that they have the energy to save their own residence or to employ the help of an knowledgeable investor if the activity seems overwhelming.

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Recently the media has stated that housing rates appear to be stabilizing. Twyford says, “Not correct! 23% of all homeowners owe more than their home is worth, producing them “Underwater Property owners.” That equates to 10.7 million men and women:&#13

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Nevada heads up the states with 65% of its property owners underwater. 65%!&#13
Arizona has 47.9% of its homeowners underwater.&#13
Florida has a whopping 44.7% of its homeowners underwater.&#13
Michigan was hard hit with 37.three% of its home owners underwater.&#13
And California has the distinction of coming in 5th with 34.3% of its homeowners underwater.

Where do underwater property owners turn, who can truly assist them, what is the government undertaking to save these residences? The media has produced the typical homeowner afraid of actual estate investors, bankers, mortgage brokers, and even genuine estate agents by reporting horror story soon after horror story. With ACORN receiving unfavorable press as nicely, the job of solving the dilemma might look daunting to most home owners. By following the strict ethical advice of foreclosure specialist Dwan Bent-Twyford, distressed home owners can count on a win/win answer to their dilemma.

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Twyford states that underwater property owners can get in touch with their bank straight and do a loan modification, forbearance agreement, deed in lieu, or even a quick sale as properly as many other alternatives. “Foreclosure is not a death sentence”, states Twyford. “With the proper guidance, it is a fresh begin!”

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Twyford warns property owners to beware of letters and telephone calls from unknown companies supplying help for a fee. Twyford says that direct make contact with with the bank is the safest route for underwater property owners.

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Twyford does not believe the market will start to stabilize till late 2010 – if then. In the meantime, underwater property owners have numerous very good possibilities.

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