Portland Bankruptcy Lawyer Discusses New Mortgage Value Numbers:
In my bankruptcy practice most news releases that I monitor show the Portland, Oregon area in a negative light. While the info below is not great it does show the Portland area mortgage to value ratio's are holding somewhat firm and that for a change we are not the worst in the country.
"First American CoreLogic's Negative Equity Report shows about 24 percent of all Portland-area mortgage holders owed more on their home than it was worth on June 30. That's 114,585 mortgages and about $30 billion in total property value at risk of default. Statewide, about 23 percent were underwater. Nationally, the figure is about 32 percent. Nevada's rate is a stunning 65 percent. Read more from First American's news release. Calculated Risk's graph shows Oregon ranked 15th best in the survey when you include mortgages in negative equity and those near negative equity. Washington state was 16th. "
If your house is underwater water and you are facing trouble making your payments or are already behind, you might want to consider talking to a Chapter 7 or Chapter 13 bankruptcy lawyer to go over your options. Our firm has lawyers trained in getting positive results for our clients under the Bankruptcy laws. Feel free to call our attorney's to set up a no-cost consultation.
-Be well and enjoy the day
