Few People Know There’s An underwater world beneath This Famous Nevada Lake. When constructed in the 1930s, Hoover Dam was built to contain the Colorado River and create Lake Mead-the world’s 16th-largest man-made lake in the world.
What Is HARP ®? The HARP ® program can help! The home affordable refinance Program ®, also known as HARP ®, is a federal program of the United States, set up by the Federal Housing Finance Agency in March 2009 to help underwater and near-underwater homeowners refinance.
RealtyTrac says Nevada, Florida and Illinois hold the most properties underwater, while Hawaii, New York, California and Montana lead the list of states where homeowners are emerging fastest..
The rate was down from 19.7 percent in the first quarter, 22.3 percent a year ago and 26 percent in the fourth quarter of 2009, which was the most since. past year has helped improve some.
One-third of homeowners in Southwest Florida underwater. – According to the Herald-Tribune, homeowners in Southwest Florida are still in the process of recovering, with nearly 109,000 residential homeowners underwater. That means that more than one-third.
NEW YORK (CNNMoney) — The Great Recession has dealt Nevada a losing hand. and the need to reduce the mortgage principal for so-called underwater borrowers. Even if home prices rise 2% to 3% a year.
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California, Nevada, Arizona, Florida and Idaho all saw more than 70% of their applicable HARP refinance applications with loan-to- value ratios in excess of 105%, indicating that the program is meeting the needs of the severely underwater homeowner.
Nevada Ranked #1 For Underwater Mortgages in 2015 – Las Vegas, Nevada – Earlier this week, the Las Vegas Review Journal released an article announcing that Nevada once again leads the nation with the most underwater homes. In fact, The las vegas valley ranked No. 1 among big U.S. metro areas for its share of homes with mortgages that were significantly underwater at the end of 2015.
Reports suggest that the las vegas real estate market in Nevada is closer to long-term stability than it has been in the last five years.Over those five years, the region has seen significant improvements. Current trends in the area indicate no significant fluctuations, suggesting true.