Nearly 28% of all homeowners with a mortgage owed more than their properties were worth at the end of the third quarter, underscoring the damage from the housing bust despite a few quarters of rising prices and sales gains.
The share of underwater borrowers improved from nearly 31% at the end of the second quarter, according to Zillow Inc., the real-estate company, which is the largest quarterly decline since their count began in the first quarter of 2011………………………………………..Full Article: Source