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Loan Modification

: Loan Modification & Home Loan News

40% of Homes in South Florida Are Underwater

By Moe Bedard

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Roughly four in 10 single-family homeowners with a mortgage in South Florida owe more than the property is worth, Zillow.com said Wednesday. About 41 percent of the 836,723 single-family home mortgages in Palm Beach, Broward and Miami-Dade counties are “underwater,” according to a fourth-quarter report from Zillow. The Seattle-based real estate firm compiles data from public property [...]

Full post as published by Loan Modification & Home Loan News on February 11, 2010 (boomark / email).

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