Of the more than 500,000 U.S. homeowners in the foreclosure process, more than 126,000 — 24 percent — have equity in their homes. See full RealtyTrac Home Equity & Underwater Report for September 2013. Although they may not know it in some cases, that equity provides these homeowners with a lifeline to avoid foreclosure — either via refinancing into a lower rate or via a regular equity sale where they walk away with money at the closing table with no black mark from a short sale on their credit history.
See the percentage of foreclosures with equity in your county using the heat map below. Drag and drop within the map to change the location, and use the controls on the right to zoom in and out.Green-colored counties are those with a high percentage of foreclosures with equity, while red-colored counties are those with a low percentage of foreclosures with equity, and yellow-colored counties are those where the percentage of foreclosures with equity is close to the national average.
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