No Shortage of Underwater Homes in Vegas

It’s mind-numbing but 61% of Nevadans who have a mortgage are now underwater, owing more for the home than the home is worth. According to the Wall Street Journal, “Nevada is also the only state in the country in which total homeowner debt is actually higher than the total property value of owned homes — nearly two in three mortgaged homes are underwater. As of the end of 2011, 13.4% of mortgages were either already in the foreclosure process or more than 90 days delinquent on their payments.”  Click here to see the other 9 states with the most underwater mortgages. Read the full story here: http://247wallst.com/2012/03/06/states-sunk-by-underwater-mortgages/2/

One thought on “No Shortage of Underwater Homes in Vegas

  1. Excellent blog!Moreno Valley Roof Contractors, 22440 Mountain View Rd., Moreno Valley, CA 92557 – (951) 999-4300

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