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107 107 INVESTMENT GOVERNMENT PROPERTY PRESERVATION » Travis County (Austin), Texas (78.6%) Counties with the smallest share of equity-rich homes in Q2 of 2022 were: » Geary County ( Junction City), Kansas (7% equity rich) » Vernon Parish, Louisiana (northwest of Lafayette) (9.7%) » Cumberland County (Fayetteville), North Carolina (12%) » Acadia Parish, Louisiana (outside Lafayette) (13.2%) » Greenup County, Kentucky (14%) e portion of mortgages that were seriously underwater nationwide during Q2 of 2022 declined from Q1 of 2022 in 101—or 95%—of the 107 metro areas with enough data to analyze. Seriously underwater rates decreased year-over-year in 102 of those 107 metros. More than 90% of homeowners facing foreclosure have at least some equity Only about 214,800 homeowners were facing possible foreclosure in Q2 of 2022, or just four-tenths of one percent of the 58.2 million outstanding mortgages in the U.S. Of those facing foreclosure, about 195,400 (91%) had at least some equity built up in their homes. "e fact that over 90% of homeowners in foreclosure have positive equity is good news for borrowers who find themselves in financial distress," said Sharga. "ese homeowners have the opportunity to leverage this equity to either secure short-term financing to resolve their delinquencies, or to sell their properties at a profit and avoid a foreclosure auction." States with the highest percentages of homeowners who were facing foreclosure with equity in their properties in Q2 of 2022 included: » New Hampshire (99% with equity) » Oregon (99%) » Utah (99%) » Colorado (99%) » Nevada (99%) States with the lowest percentages included: » Louisiana (87% with equity) » Mississippi (89%) » Kansas (91%) » Illinois (92%) » Maryland (92%) default servicing trusted reliable informed @ dsnews.com 5.2021 SINGLE-FAMILY RENTAL INVESTMENT LIFTS OFF Despite challenges such as moratoria impact and property management concerns, investment experts reveal why SFR opportunities are surging. IS CHAPTER 7 BANKRUPTCY BROKEN? Does the current process deny debtors and creditors their rights? OVERCOMING DIGITAL DISTRUST Today's consumers expect a proactive approach to deliver the innovative products and services they need. DISPELLING MENTORSHIP MYTHS Why mentorship is still relevant in the modern mortgage workplace. DS News is the leading publication dedicated to providing default servicing professionals with news and content focused on their industry. SUBSCRIBE TO THE LEADER IN DEFAULT SERVICING NEWS SUBSCRIBE NOW! Connect with us online at DSNews.com. THEFIVESTARINSTITUTE Journal