Far fewer mortgage borrowers 'deeply underwater'

Posted by Bonnie Martin Designated Broker on Thursday, January 9th, 2014 at 5:33pm.

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A growing number of mortgage borrowers are keeping their heads above water, according to a report from RealtyTrac.

The company reported Thursday that 9.3 million properties, or 19% of all homes with mortgages, were "deeply underwater" in December, meaning borrowers owed at least 25% more on their mortgage than the home was worth. That's down significantly from 26% of all homes with mortgages, or 10.9 million properties, last January, RealtyTrac reported.

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Photo:  ©[Oleg Doroshin]/123RF.COM

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