Study Finds 8.3M Homeowners on Verge of Positive Equity

Home prices have rebounded so rapidly that ""RealtyTrac"":HTTP://WWW.REALTYTRAC.COM is reporting 8.3 million borrowers who've been underwater are on track to have enough equity to sell their home within the next 15 months-without resorting to a short sale.

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Metro markets that boast the highest percentage of homes with resurfacing equity include Omaha, Nebraska; Colorado Springs, Colorado; Tulsa, Oklahoma; Little Rock, Arkansas; and Raleigh, North Carolina.

In a study released Thursday, RealtyTrac also revealed that nationwide, more than 126,000 properties in the foreclosure process are actually in good equity standing-meaning they have a loan-to-value (LTV) ratio of 100 percent or lower. That figure represents 24 percent of all homes currently in foreclosure.

States with the highest percentage of positive-equity foreclosures include Oklahoma and Hawaii-both with more than half of their foreclosures above-water (57 percent and 53 percent, respectively), followed by New York (47 percent) and Texas (46 percent).