21 Million Americans have Paid-Off Mortgages

Florida Loan Modification Attorney Loan Modification Lawyer
Florida Loan Modification Attorney Loan Modification Lawyer
Recent statistics reflecting the amount of homeowners that own their property free and clear of a mortgage are surprisingly high.

According to a Zillow analysis, about 21 million Americans (or 29.3 percent of homeowners) own homes unencumbered by mortgages. Out of these, the largest group composed of 65-74 year olds makes up about 20 percent. Also, Zillow found 34.5 percent of 20-24 year olds are also own their homes outright. Only 28 percent of homeowners in the Miami-Fort Lauderdale area are debt-free compared to 33 percent in Tampa.

If you have questions about foreclosure, loan modification, bankruptcy, or other alternatives, please feel free to call my office at 888-886-0020, send an e-mail to emil@fleysherlaw.com, or complete the contact form below.