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Negative Equity Heat Map on Zillow

With a huge number of people underwater on their mortgage payments, a wave of short sales and foreclosures looms on the horizon unless home values start improving. Zillow just released a heat map that shows percentage of homes that owe more than they are worth. They did this by matching the estimated value of a homes to all outstanding mortgage debt and lines of credit associated with the homes, including home equity lines of credit and home equity loans. This data was supplied by TransUnion, a major credit and information management company. The foreclosure crisis has been slow to hit Washington State. But its here now, especially in Western Washington.

Zillow Negative Equity Heat Map - Washington

For homeowners who are underwater and have a hardship that is making it difficult to make your mortgage payments, there may be other options besides foreclosure. As a Certified Distressed Property Expert (CDPE) I can help you explore your options. give me a call and let me help you.