Golfers raise money for hospital | Ormond Beach Observer
The Halifax Plantation Golf Association hosted the third annual golf tournament on Oct. 16 to benefit the Florida Hospital Pink Army.
This year, 88 men and women played in the Ormond Beach golf tournament, which raised nearly $4,000 for both Florida Hospital Flagler and Florida Hospital Memorial Medical Center to help provide mammograms and other diagnostic procedures. Additionally, funds raised this year will also help support men with prostate cancer.
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After Equity Boom, Many Owners Still Stuck
Home appreciation has slowed drastically since last year’s rapid rise, and for some home owners, prices just haven’t risen enough. That leaves many seriously underwater, owing more on their mortgage than their home is currently worth.
Indeed, 15 percent of all homes with a mortgage remain in negative equity territory—that is, owing at least 25 percent or more on their mortgage than the resale value of the home, according to RealtyTrac data. On average, underwater home owners have an outstanding balance of $375,000 or more on a $300,000 property, or average outstanding balance of $500,000 or more on a $400,000 house.
Home prices have been rising since the recovery began in 2012, but despite the inceases, 8.1 million homes remain seriously underwater. This means that many home owners remain mostly stuck, unable to sell their home or refinance it until prices rise even more.
The bulk of negative equity home owners are lumped in a few states, where home prices had fallen by some of the highest amounts during the housing crisis and therefore have some of the largest amounts to make…READ THE REST HERE