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U.S. homeowners ‘underwater’ on mortgages drop as foreclosures increase

Posted on 14 September 2011

Mark FlemingThe number of U.S. homeowners who owe more than their property is worth slipped in the second quarter as more residences were lost to foreclosure, according to a report today from CoreLogic Inc.
About 10.88 million homes, or 22.5 percent of those with a mortgage, were “underwater” as of June 30, the Santa Ana, California-based company said. That’s down from 10.91 million, or 22.7 percent, in the prior three months……………………………………….Full Article: Source


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