More than 28% of US homeowners underwater on their mortgage

An estimated 28 percent of Seattle homeowners. as the number of homes on the market. (Homeowners who are underwater owe more than their homes are worth.) Nationwide, an estimated 23.8 percent of.

According to real estate website Zillow, more than 28% of U.S homeowners are in a negative equity position because they owe more on their.

The 2004-07 bubble era in U.S. housing markets was a time of utter madness.. The main vehicle was a refinance of the homeowner's first mortgage.. More than 500,000 delinquent homeowners received a default notice that year.. This massive problem of underwater homeowners could not be resolved.

It's Time to Walk Away From  Underwater Mortgages Despite What  Bankers  Tell  You America’s sinking housing market: More than 1 in 4 homeowners now ‘underwater’ Rate of new foreclosures up to over 10% a month; The percent of late mortgage payments in 3rd quarter rose for first.

. homeowners nationally still owe more on their mortgages than their. S&P 500 closes at record as chipmakers get a boost from US-China.

"If our home-price forecast is correct, roughly one in two mortgage. their equity shortfall exceeds 10%. The Deutsche Bank paper forecasts that the percentage of borrowers who are severely.

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Aug 28, 2013, 9:01pm PDT An estimated 28 percent of Seattle homeowners were underwater on their mortgages in the second quarter of this year, Zillow Inc. said in a research report.

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Those who say their homes are worth less than what they owe on their. less affluent and more likely to be Hispanic or African American than are. Those who feel that they are underwater on their mortgage are also much more likely to. say their home is worth at least what they owe, 28% are Democrats.

With home values rising across the country, negative equity has decreased for seven consecutive quarters, according to Zillow. As a result, almost 4 million homeowners are no longer considered to be.

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More than 1 in every 4 St Louis homeowners still seriously underwater on mortgage By Dennis Norman , on January 10th, 2014 Over 1 of every four St Louis homeowners (28%) with a mortgage are seriously underwater on their mortgages, meaning the current value of their home is at least 25 percent less than the total of their mortgages as of.