According to RealtyTrac’s latest U.S. Home Equity & Underwater Report for the first quarter of 2014, 9.1 million U.S. residential properties were seriously underwater — where the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market value — representing 17 percent of all properties with a mortgage in the first quarter.
9.1 Million U.S. Homes Still ‘Underwater’ (Down 26 Percent)
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