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Loan Modification

: The Truth About Mortgage.com

70 Percent of All Nevada Mortgage Properties Underwater

By scot184

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There’s no beachfront property in Nevada, but 70 percent of it is underwater. Yep, a staggering 70 percent of residential properties with mortgages were underwater as of the end of 2009, meaning the mortgage balance exceeded the property value, according to the latest report from First American CoreLogic. Arizona wasn’t far behind with 51 percent of mortgage [...]

Full post as published by The Truth About Mortgage.com on February 23, 2010 (boomark / email).

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