Distressed Homeowners in Naperville and the Chicago Suburbs Are Learning Their Homes May Now Have Equity - Ryan Hill Realty

Online, May 16, 2013 (Newswire.com) - Homeowners in Naperville and other Chicago suburbs who held back from selling until the market improved, can begin to relax. Reports confirm that it's now a 'Seller's Market' - good news for homeowners who found themselves underwater during the housing crisis. The shift is so progressive that they are discovering they may now have equity resulting from exceptional price increases in the last 6-8 months.

"The downward trends over the past few years have caused great distress for homeowners, but now we're happy to see that prices are increasing rapidly," says Teresa Ryan, Broker/Owner of Ryan Hill Realty (CDPE). "The impact of these price increases means that people who used to be underwater may now finally have equity in their homes again."

Many homeowners in this situation had to face foreclosure, go through a short sale (selling the home for less than what is owed on the mortgage), or other alternatives. "Today, those homeowners that have been able to wait until the market improved may be able to sell the home without having to take the hit that a foreclosure, or even a short sale, will have on their credit," Ryan said.

As a Certified Distressed Property Expert® (CDPE), Teresa Ryan is officially qualified to help the unique needs of homeowners facing foreclosure. She can help them understand their options, and all the facts of their specific circumstances. "It's important that homeowners in distress know they can get help from a reliable source. There have been many changes, alternatives to foreclosure could benefit homeowners through recent equity gains. They may have a viable way out of a difficult situation," Ryan said.

Teresa Ryan has developed a free report entitled, "3 Reasons Your Home May Be Worth More Than You Think," which is accessible from her website, www.RHRRescue.com.

You can find more Naperville and Chicago area real estate news at http://www.TeresaRyan.com and Teresa Ryan, Ryan Hill Realty's short sale decision calculator at http://www.shortorstay.com/ryanhillrealty.