Do You Owe More On Your Westland, Michigan House Than It Is Worth?

Do You Owe More On Your Westland, Michigan House Than It Is Worth?

Do You Owe More On Your House Than Your House Is Worth?The real estate market has been improving in many parts of the country, but even in the strongest real estate markets, there is still a large number of Homeowners in Westland, Michigan who do not have enough equity to sell their house. Whenever a mortgage is larger than the value of the house, it is referred to as an ‘underwater‘ mortgage and unfortunately, this is a common issue many Westland, Michigan Homeowners face. If you’re are facing this situation in Westland, Michigan you are not alone.

According to, "Despite rising home prices, 13 million borrowers, or 25.4% of all homeowners with a mortgage, still owe more on their mortgages than their homes are worth.

According to a new report from Zillow, so-called "underwater” borrowers would have to pay money into their loans to get out of their homes. Another 9 million borrowers, while not entirely underwater, likely do not have enough equity in their homes to afford to move.”

Here’s an example of a tough but typical situation that’s facing more than 13 million homeowners in Michigan and all around this country:

  • Seller owes $200k on their house in Westland, Michigan.
  • House is worth $190k.
  • Deficiency is $10k, meaning that if they sold the house for $190k, they’d have to write a check to the bank for $10k.
  • Closing costs- (7.5%)- $14,250
  • Total cost of selling house- $24,250.
In this situation, many home sellers would rather have their house go to foreclosure than pay $24,250 to sell their house in Westland, Michigan. For most, there simply is no other option.

Our company specializes in solving real estate problems in Westland, Michigan especially ones that pose a financial burden on you, the Homeowner. We can solve almost any financial problem that real estate throws at you.

Our entire focus is to empower you to take back control over your situation, by knowing all of the options available to you right now. By simply contacting us by filling out the short form on our "Contact Us" page, we can help you make sense of all of this confusion and present you with options that could potentially change your life and get you back on track.

After you contact us with the information about your situation, usually within 24 hours we’ll give you a call so we can show you the options to help solve your current situation.

All of this 100% free to you (we don’t charge you any fees). 100% No Hassle. 100% No Obligation. No Commitment is required.

No Hassle, No Obligation and No Commitment.

You will receive a great offer for your Westland, Michigan property, and we can close as fast as you need.

You can turn your Westland, Michigan property into cash without the stress and delay of selling through Real Estate Agents.

There's no obligation! Get an offer from us FREE... now!

Fill out our form and someone will be in touch with you with the next 24 hours.

We specialize in finding creative solutions to real estate problems in Westland, Michigan others won't touch. We buy houses from people in Westland, Michigan in situations just like these everyday.

Get an offer now. Get the best cash price for your property.

Get Your Free Home Evaluation from Equitable Real Estate Solutions today.

Westland Area Code: 734
Westland ZIP Code 48154, ZIP Code 48153, ZIP Code 48152, ZIP Code 48151, ZIP Code 48150

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