Author Topic: 11.3 million homeowners underwater on mortgage  (Read 803 times)

Offline dep190

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11.3 million homeowners underwater on mortgage
« on: February 24, 2010, 11:26:48 AM »
By Rex Nutting, MarketWatch
WASHINGTON (MarketWatch) -- More than 11.3 million homeowners -- nearly one-fourth of all Americans with a mortgage -- owe more on their loan than their home is now worth, according to a report released Tuesday by FirstAmerican CoreLogic.

More than 10% of people with mortgages owe 25% more than their home is worth.

(please click link for full article - post was edited by Alpha Mike, in accordance with DMCA rules and regulations)

http://www.marketwatch.com/story/113-million-homeowners-underwater-on-mortgage-2010-02-23
« Last Edit: September 08, 2010, 02:41:40 PM by Alpha Mike »