Homeowners in Raleigh who found themselves underwater during the housing crisis are discovering that they may now have equity in their homes. This is a result of exceptional price increases in the last 6-8 months.
“This market has surprised some homeowners who simply stopped paying attention to all the bad news,” says Linda Craft, CEO of Linda Craft & Team, REALTORS® & Certified Distressed Property Expert (CDPE). “Prices have gone up so quickly that many who used to be underwater are finding that their home is worth much more than they think.”
Many homeowners in this situation had to resort to foreclosure, short sale (selling the home for less than what is owed on the mortgage), or other alternatives. “Today, these homeowners are finding that there are much more options available to them. In fact, the worst may even be over,” Craft said.
As a Certified Distressed Property Expert® (CDPE), Linda Craft is specially trained to help homeowners facing foreclosure understand their options, and to help them understand all the facts of their circumstances. “It’s important that homeowners in distress understand that they’re not alone. There are alternatives to foreclosure, and with recent equity gains, many may have a viable way out of a difficult situation,” Linda Craft said.
Contact: Linda Craft