'Underwater Mortgage' Refis Get Fresh Push in Congress

http://www.cnbc.com/id/48973237

 

A slight improvement in home prices has helped to pull some U.S. homeowners back above water on their mortgages, but the gains are small, and the problem is still epidemic.

Tooga | Stone | Getty Images The Law Office of Susan J. Salehi has helped 1000’s of people like yourself with Chapter 7 and 13 bankruptcies since 1992, both in the Santa Barbara/Ventura and Kern County areas. We offer a free consultation, reasonable rates and payment plans. All of your options will be explained during your free consultation with the attorney at the Law Offices of Susan J. Salehi. We ask that you bring six months’ proof of income (paystubs/rent receipts/profit and loss statement if self-employed), the last two years’ tax return, a credit report – free ones are available at www.annualcreditreport.com, any foreclosure notices, lawsuits, and correspondence from the IRS or FTB if you owe pastdue taxes. Call today for a free, no-obligation consultation, contact us through our website at salehilaw@aol.com. Start at only $999 Attorney Fees. Restrictions Apply. Stop Foreclosures with a Chapter 13. Operators 24/7. (805) 654-1467, (818) 880-8305, (661) 631-0252, (805) 202-4688. www.bkhelpnow.com www.bkhelpnow.com/wordpress https://twitter.com/#!/lawyer93001 http://paper.li/lawyer93001/1340474350 http://bankruptcyattorneyventuraoxnard.blogspot.com/

As of July, 22.4 percent of homeowners with a mortgage owed more than their home was worth, according to a new report from Lender Processing Services. (Read More: Home Prices Are Not Rebounding as Fast as You Think.)

The numbers go higher, as the loans get more troubled. Of non-current mortgages, 57.6 percent are underwater, and of loans in foreclosure, 68.3 percent.