With an increase in home prices we, here on the Peninsula, are seeing more short sale homes become equity sales. The low inventory has caused mulitiple offer situations which have caused an increase in property values. We are now seeing many of the “underwater” homes actually selling for equity. According to RealtyTrac about 18% of homeowners who have a mortgage are expected to gain enough equity, in the next 15 months, to be in a better position to sell their homes. Read on for more details … http://realtormag.realtor.org/daily-news/2013/09/06/ready-for-sell-equity-backed-home-owners-resurface?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+DailyRealEstateNews+%28Daily+Real+Estate+News%29

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