By Dennis Norman, on November 9th, 2009
Dennis Norman
The percent of American home owners with mortgages in a negative equity position fell to 21 percent in the third quarter of this year, down from 23 percent in the second quarter, as home values stabilized in the short term and more underwater homeowners lost their homes to foreclosure, according to the third quarter
Continue reading… Fewer home owners are underwater on their homes according to Zillow report
By Dennis Norman, on August 14th, 2009
Dennis Norman
By: Dennis Norman
According to a report issued by First American CoreLogic more than 15.2 million U.S. mortgages, or 32.2 percent of all mortgaged properties, are in a negative equity position.
In addition, according to the CoreLogic report, there are an additional 2.5 million mortgaged properties that are approaching negative equity. Negative equity and near negative
Continue reading… Nearly one-third of all mortgages underwater