Tag Archives: 5 States With the Most Underwater Mortgages

About 22 percent of home owners nationwide are considered “underwater,” owing more on their mortgage than their home is currently worth, according to recent CoreLogic data. Some states are seeing a higher number of underwater mortgages than others too. Many of the states with the highest number of underwater mortgages also had some of the biggest housing booms a few years ago, before prices plunged. 24/7 Wall St., in analyzing CoreLogic’s fourth quarter 2011 data, recently profiled the states with the highest number of underwater home owners. 1. Nevada Percentage […]