Fewer U.S.homeowners ‘underwater’ as foreclosures mount

Sep 19, 2011 Comments Off by

The 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.

About 10.88 million homes, or 22.5 percent of those with a mortgage, were “underwater” as of June 30, that’s down from 10.91 million, or 22.7 percent, in the prior three months……………………………………….Full Article: Source

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