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Real Estate & Property Law

: Housing Wire

20% of Mortgages Underwater in December: Report

By KELLY CURRAN

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More than 8.3 million U.S. mortgages or 20 percent of all mortgaged properties were in a negative equity position at year-end 2008, according to data released by First American CoreLogic Wednesday. This is compared to the 7.6 million or 18 percent of borrowers who were underwater at the end of the third quarter. And unfortunately, “the [...]

Full post as published by Housing Wire on March 04, 2009 (boomark / email).

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