Number of Underwater Properties Significantly Down

According to a recent report released by RealtyTrac, the end of last year saw 7,052,570 US residential properties with seriously underwater mortgages. This accounts for about 13% of all properties that are currently mortgaged. A mortgage that is in serious negative equity or underwater is where the total loan amount secured by the property is

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Negative Equity Levels Expected to Keep Falling Next Year

During the third quarter of this year negative equity amounts continued to decline, according to CoreLogic. In this third quarter an estimated 791,000 homes returned to positive equity, but there are still about 6.4 million homes that are considered to be underwater. A home is underwater when it has a negative equity which is where

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