Underwater Homeowners Represent 22.8% of All Mortgaged Properties

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Real Estate Agent with Property Executives Realty

The number of underwater homeowners grew to 11.1 million, or 22.8 percent of all mortgaged properties, during the fourth quarter, CoreLogic said recently. The real estate data firm said the number of borrowers in negative equity is back to third-quarter 2009 levels, suggesting more homeowners are struggling with loans that are worth more than their properties. Comparatively, only 10.7 million properties, or 22.1 percent, of mortgage homes, were in negative equity in the third quarter of 2011.


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