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More Homeowners Underwater With Mortgages

More Homeowners Underwater With Mortgages

This will not come as a surprise to you, but the number of homeowners now underwater or upside down with their mortgages has reached almost a full quarter of all homes with a mortgage, a total of 11.1 million households.  With 23.1% of all homeowners owing more on a mortgage than their homes are worth, I wonder how many people will begin to think that walking away from their homes is a better idea than staying put. […]