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Fewer home owners are underwater on their homes according to Zillow report

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

Nearly one-third of all mortgages underwater

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