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Seriously Underwater Properties Fall to Lowest Level in Two Years

Posted by: In: Real Estate 17 Apr 2014 Comments: 0 Tags: ,
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9.1 million U.S. residential properties were seriously underwater in the first quarter of 2014, according to RealtyTrac’s U.S. Home Equity & Underwater Report. Seriously underwater properties, which are homes where the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market value, represented 17 percent of all properties with a mortgage.

The post Seriously Underwater Properties Fall to Lowest Level in Two Years appeared first on DSNews.com.

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Source: DSNews

    

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