Florida #2 in Negative Equity Mortgages

Posted By on December 20, 2013

Recent Florida Foreclosure News

The housing market is showing signs of recovery throughout the U.S, but if you live in the State of Florida, there is a good chance that you have a negative equity mortgage along with over twenty eight percent of other FL homeowners. What is a negative equity or an underwater mortgage? It merely means that you owe more on your mortgage than your home is worth. Why is Florida being impacted by this problem more than other states?

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