Study Finds 6.4 Million U.S. Homeowners Still Have Underwater Mortgages

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The study, conducted by researchers at First American CoreLogic, paints a troubling picture estimating that 7.62 million borrowers in the U.S. are currently underwater on their mortgages — or 18.

Underwater Mortgage: A home purchase loan with a higher balance than the free-market value of the home. This situation prevents the homeowner from selling the home unless s/he has cash to pay the.

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Contents Residential mortgage mortgage professional reviews open Fees.visit diamond residential free world maps current financial situation handy home-buying No Ratio Loan How Do You Qualify For A Mortgage Loan Upside Down In mortgage study finds 6.4 Million U.S. Homeowners Still Have Underwater.

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Top 10 states for ‘underwater’ mortgages This contemporary Sacramento, Calif. home is for sale for $125,000 6. California Percentage of mortgages underwater: 29.9 percent. Much of California’s housing market is still struggling as a result of the housing crash, and state capital Sacramento is no exception.

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