Forty-eight percent of Nevada homeowners with a mortgage owe more to the bank than their homes are worth, according to a report released today by First American CoreLogic. Nevada leads the country with 48% of it’s mortgagors underwater; followed by California, Arizona and Florida, Georgia and Michigan.
Collectively these top six states account for nearly 60 percent of all homeowners who are underwater on their mortgages
Follow these links for more details:
Fox Reno.com link
Reno Gazette Journal link
