Frank Yan of Sacramento on CoreLogic: 791K Underwater Homes Return to Positive Equity

Frank Yan of Sacramento posts a related artlce: Home Prices: Biggest Rise in More Than 2 Years

Sacramento resident, Frank Yan has seen rising home prices continue to pull underwater homeowners into positive equity positions in Sacramento and the entire nation, with 791,000 additional properties returning to a situation in which the borrower no longer owes more than the home is worth in the third quarter, CoreLogic (CLGX) said Tuesday.

The Irvine, Calif based research firm reported that as of 3Q, the total number of mortgaged properties with equity remains at 42.6 million, and of those, only 6.4 million or 13% of all properties remained in negative equity by the end of the third quarter. This is down from 7.2 million upside homes in the second quarter of this year.

Negative equity is usually the result of declining property values or an increase in mortgage debt, CoreLogic points out.

The overall national value of negative equity continues to fall as home prices rise, giving more homeowners a chance to benefit from refinancing or selling opportunities. Aggregate negative equity in the U.S. hit $397 billion in 3Q, down from $430 billion at the end of the second quarter and a $33.7 billion slide.

CoreLogic attributes the sudden rise to improving home prices, but of those 42.6 million properties with positive equity, 10 million have less than 20% equity, leaving them in a situation where it’s still hard to refinance due to underwriting constraints.

Borrowers with less than 5% equity remain at risk of becoming upside-down if home prices begin to fall again.

"Fewer than 7 million homeowners are underwater, with a total mortgage debt of $1.6 trillion," said Mark Fleming, chief economist for CoreLogic. "Negative equity will decline even further in the coming quarters as the housing market continues to improve."


The state of Nevada had the highest percentage of mortgage properties in negative equity at 32.2%, followed by Florida (28.8%), Arizona (22.5%), Ohio (18%) and Georgia (17.8%).

Frank Yan of Sacramento on Empowering Thoughts

Sacramento business man, Frank Yan says, it’s easy for us to get drawn down into out self-defeating thought patterns. Fortunately, it is also easy to change our thoughts so they can begin to empower us.

Rather of thinking by our habit, we should make the decision to think by our choices. Instead of nurturing and dwelling our the same old thoughts, we should consider to align these thoughts with our goals, our values, our purpose, and our dreams.

An example that Frank shares is that we do not have to assume that the most negative out come can or will occur. We can just as realistically and easily assume that we can create the most positive outcome possible.

There are already enough obstacles in our lives. There is never anything to be gained by having to struggle and fight against our own thoughts.

Frank Yan shared that we should choose to think the best about ourselves, and the people, the world, and events in it. When we focus on the best, we empower, enable, encourage, and motivate ourselves to create the best.

Our deep and most consistent thoughts we have, have real and significant impact on the way we act today. So, lets choose our best thoughts, let them guide our best actions, and live a life that is rich and fulfilled.

Frank Yan of Sacramento on A Positive and Purposful Path in Life

Sacramento, Ca, Denver, Co, Brownsville, Tx Jackson, Fl, or where ever you are, there is going to be plenty of negativity that enters into your life. And you can easily let it go just as quickly as it enters in.

Frank Yan, resident of Sacramento says, to empower yourself, you do not need have to hold to anything new. Just let go of all the negative things, and you will so discover that the power has been there all along.

Its evident that you cannot avoid all the negative situations, words, people, and events. You can, by the determine precisely what to do with each and every of them within yourself.

According to Frank Yan that far and best effective thing to do is to focus your energy, your awareness, and your efforts elsewhere. Allow your inner important, unique purpose to push you forward rather than backwards.

All negativity exists in all shapes an form, and you can’t help but to notice each and one of them. But you never have to let it be yours, ever.

Every time you encounter negativity, always try to remind yourself to just let it go. Rise above it, and always move right ahead on your positive and purposeful path.