Video report : 50% of Valley homes underwater

Real estate experts: 50% of Valley homes underwater: "PHOENIX - It's another sign of the troubling times in the Phoenix area housing market.

Several real estate experts agree that more than 50% of homeowners in the Valley are underwater.

“There have been other reports they even have worse numbers, 66-67%,” said Dr. Jay Butler, director of realty studies at Arizona State University.

“I think most people thought by now we'd at least be working our way through the problem but it seems to be getting a little worse,” said Butler.

With more people walking away from their homes, the val" >>>READ ENTIRE ARTICLE BY CLICKING TITLE LINK ABOVE

Eight credit-repair tips after bankruptcy Jennifer Waters's Consumer Confidential - MarketWatch

With HOUSING continuing to tank, unemployment staying high and home values plunging - more and more people will be filing for Bankruptcy. Here is some info that might drive out the fear and help you save your home. REmember strategic default will now mean that you cannot get credit to buy a home for 7 years.

Eight credit-repair tips after bankruptcy Jennifer Waters's Consumer Confidential - MarketWatch:

"A growing number of consumers are taking the bankruptcy plunge. U.S. consumer bankruptcy filings for the year ended June 30 popped 21% to 1.51 million. Coupled with the nearly 60,000 business bankruptcies in the same period, filings reached a level not seen since 2005.

Some 422,061 bankruptcies were filed from April to June, pushing past the 400,000 mark for the first time since the fourth quarter of 2005. At that time, 667,431 bankruptcies were reported as consumers rushed to file before Congress changed the laws that tightened eligibility.

There's some good news for filers: There's no red 'B' written on your chest.

'Nowadays lenders pay greater attention to other factors,' Watts said. 'If you mind your Ps and Qs after the bankruptcy, you can restore your credit rating once the bankruptcy data finally falls off your credit report.'"

>>>>>KEEP READING by clicking on title link

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Loan Value Group - Incentives for Borrowers

Loan Value Group - Incentives for Borrowers

If you are undwater on your home with negative equity, you may want to check out this program. My Sister let me know about this and it sounds intriquing. As always, check with your financial guru to see if this is something that will benefit you.

Here are some excerpts from the site follwed by media coverage of LVG:

According to the media press report LVG is basically working with you and the lender to make things a little more equitable for you. It 's goal is to prevent strategic defaults, where people walk away from the home due to the home's negative value. I would still rather see bank's address property values as some have promised to do, or see homeowners fight for their rights as most home loans are fraud filled.

Here's how RH Reward works:

1. The eligible homeowner with negative equity is presented with an initial RH Reward amount.

2. To keep their RH Reward status active, the homeowner makes their full and timely mortgage payments.

3. For a fixed period of time following enrollment, an additional amount of money will be added to the initial RH Reward amount for each month the homeowner maintains active status.

4. Once the mortgage balance is paid in full either by sale of home, refinance of home, or paying off the mortgage, the homeowner can withdraw the entire RH Reward amount.

Loan Value Group - LVG Media Coverage

I hope this helps some of you out there, and if you have any experience with this group, please leave a comment or email at alrady40@yahoo.com . Have a great day!