Filed under: Real Estate There have been a number of attempts to come up with a figure about how many U.S. home mortgages are underwater — in other words, the value of the home loan is more than the value of the house. All estimates are bound to be wrong because no one has had the time or money to appraise every house in America and match it with the value of its mortgage plus any second mortgages. But, The Wall Street Journal has asked First American CoreLogic, a real estate research company, to give it a try. The report, which is available free online , says that that 23% of mortgages were underwater at the end of the third quarter. Continue reading Nearly a quarter of all U.S. home mortgages are underwater Nearly a quarter of all U.S. home mortgages are underwater originally appeared on DailyFinance on Tue, 24 Nov 2009 05:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

Read more here:
Nearly a quarter of all U.S. home mortgages are underwater

Tagged with: • • • •

Filed under: Business News

Like this post? Subscribe to my RSS feed and get loads more!