1 in 4 homeowners with mortgages now owe more than their homes are worth nationwide, said CNN in a recent story. In hard hit states like Nevada, the number climbs to 2 in 3. The number in Oregon isn’t known (at least by me) but it wouldn’t surprise me if we’re similar to the national average.

I speak to homeowners every day, and it’s common for their mortgage amount to play a big factor in their plans. It’s still possible to sell when you’re underwater or upside down through a short sale. It’s a little more work, but it can be a good solution.

It's better to be above water.