Fewer Nevada homeowners are underwater on their mortgages, but only because many have lost their homes to foreclosure, a California research firm said. CoreLogic reported today that Nevada continued to lead the nation in the second quarter with 60 percent of its mortgaged properties underwater – a.
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That’s almost half (47%) of all Florida mortgages. In Broward County alone, reports the Sun-Sentinel, 51% of current mortgages are underwater. Underwater mortgages are a national crisis – it’s not just Florida that’s hurting. Florida isn’t alone.
Five States Account for 31% of Underwater Mortgages. Five states – Nevada, Florida, Illinois, Arizona and Rhode Island – account for nearly a third of all properties with negative equity. As of the end of the fourth quarter, 10.8 percent of homes – or about 5.4 million properties – were underwater.
Less Than 10 Percent of Homeowners Are Underwater on Their Mortgages By. 4.4 million homeowners remain underwater, and about 713,000 of them owe at least twice as much as their homes’ value.
Less Than 10 Percent of Homeowners Are Underwater on Their Mortgages When the housing crisis was at its lowest point, more than 30 percent of homeowners owed lenders more than the value of their homes – Almost 4.5 million american homeowners still owe more on their mortgages than their homes are worth.
NEW YORK (Reuters) – David Burt helped two of the protagonists of Michael Lewis’ book The Big Short bet against the U.S.
Top 10 states for ‘underwater’ homes. Fewer homes are seriously underwater, according to RealtyTrac. But underwater homes are still a problem in some places. The housing research group defines "seriously underwater" as owing more than 25 percent than the home is worth. More than 1 in 6 homeowners with mortgages were seriously underwater in.
Nela Richardson, chief economist at Redfin, adds that Redfin agents are seeing far fewer bidding. water on their mortgages, so supply is increasing a little bit." Still, negative equity remains.
In the years leading up to Scott’s election, Florida lost 832,000 jobs, home prices dropped 42 percent, state debt climbed, and almost half the state’s homes were underwater, with mortgages topping ..
20% of mortgages are underwater By Les Christie, staff writer August 9, 2010: 12:02 PM ET NEW YORK (CNNMoney.com) — More than 20% of the nation’s mortgage borrowers owe more than their homes are.