“About one-third of all homeowners with a mortgage owe more on their homes than they’re worth or are close to it, according to a report from CoreLogic, a data analysis company.
CoreLogic research finds that 1.1 million, or 22.8 percent, of all residential properties with a mortgage were in negative equity at the end of the fourth quarter of 2011, up from, 22.1 percent in the previous quarter, CNBC reports.
Another 2.5 million borrowers that have less than five percent equity, referred to as near-negative equity, in the fourth quarter….”
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