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10 States Sunk by Underwater Mortgages Marshall Carrasco Reno NV
 

10 States Sunk by Underwater Mortgages Marshall Carrasco Reno NV

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Marshall Carrasco Reno's #1 Short Sell Expert www.renohelp.org. 10 States Sunk by Underwater Mortgages- Corelogic’s Negative Equity report

Marshall Carrasco Reno's #1 Short Sell Expert www.renohelp.org. 10 States Sunk by Underwater Mortgages- Corelogic’s Negative Equity report

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    10 States Sunk by Underwater Mortgages Marshall Carrasco Reno NV 10 States Sunk by Underwater Mortgages Marshall Carrasco Reno NV Presentation Transcript

    • 10 States Sunk byUnderwater Mortgages Call : 775-525-1205 www.renohelp.org
    • According to Corelogic’s Negative Equity report, the mortgages onmore than 11.1 million homes, or 22.8% of the nation’s 48.7million mortgaged homes, are underwater.Based on Corelogic’s report, 24/7 Wall St. identified the 10 states withthe highest percentage of underwater mortgages. Call : 775-525-1205 www.renohelp.org
    • 24/7 Wall St. relied on Corelogic’s Q4 2011 Negative Equity reportto determine the states with the highest percentage of mortgageswith negative equity.• Because of sample size, seven states were excluded from their results.• Check out the 10 states sunk by underwater mortgages… Call : 775-525-1205 www.renohelp.org
    • 10. Virginia• Pct. homes underwater: 23%• Total property value: $428.46 billion• Mortgage debt outstanding: $307.48 billion• Median home value drop from peak: 16.7% (21st-biggest decline)• Homes in foreclosure or 90+ days delinquent: 4.1% (ninth-smallest percentage) Call : 775-525-1205 www.renohelp.org
    • 9. Ohio• Pct. homes underwater: 23.9%• Total property value: $310.62 billion• Mortgage debt outstanding: $238.20 billion• Median home value drop from peak: 14.4% (23rd-biggest decline)• Homes in foreclosure or 90+ days delinquent: 6.9% (14th-largest percentage) Call : 775-525-1205 www.renohelp.org
    • 8. Maryland• Pct. homes underwater: 24.3%• Total property value: $418.34 billion• Mortgage debt outstanding: $296.81 billion• Median home value drop from peak: 23.7% (12th-biggest decline)• Homes in foreclosure or 90+ days delinquent: 8.0% (tied for fifth- largest percentage) Call : 775-525-1205 www.renohelp.org
    • 7. Idaho• Pct. homes underwater: 25.0%• Total property value: $49.76 billion• Mortgage debt outstanding: $36.58 billion• Median home value drop from peak: 29.3% (sixth-biggest decline)• Homes in foreclosure or 90+ days delinquent: 5.2% (20th-smallest percentage) Call : 775-525-1205 www.renohelp.org
    • 6. California• Pct. homes underwater: 29.9%• Total property value: $2.73 trillion• Mortgage debt outstanding: $1.94 trillion• Median home value drop from peak: 46.7% (third-biggest decline)• Homes in foreclosure or 90+ days delinquent: 7.0% (12th-largest percentage) Call : 775-525-1205 www.renohelp.org
    • 5. Georgia• Pct. homes underwater: 33.0%• Total property value: $306.59 billion• Mortgage debt outstanding: $252.81 billion• Median home value drop from peak: 26% (10th-biggest decline)• Homes in foreclosure or 90+ days delinquent: 8.0% (tied for fifth- largest percentage) Call : 775-525-1205 www.renohelp.org
    • 4. Michigan• Pct. homes underwater: 34.7%• Total property value: $198.05 billion• Mortgage debt outstanding: $165.45 billion• Median home value drop from peak: 30.1% (fifth-biggest decline)• Homes in foreclosure or 90+ days delinquent: 6.5% (19th-largest percentage) Call : 775-525-1205 www.renohelp.org
    • 3. Florida• Pct. homes underwater: 44.2%• Total property value: $809.95 billion• Mortgage debt outstanding: $706.00 billion• Median home value drop from peak: 44.8% (fourth-biggest decline)• Homes in foreclosure or 90+ days delinquent: 17.4% (the largest percentage) Call : 775-525-1205 www.renohelp.org
    • 2. Arizona• Pct. homes underwater: 48.3%• Total property value: $243.02 billion• Mortgage debt outstanding: $226.22 billion• Median home value drop from peak: 47.9% (second-biggest decline)• Homes in foreclosure or 90+ days delinquent: 7.1% (11th-largest percentage) Call : 775-525-1205 www.renohelp.org
    • 1. Nevada• Pct. homes underwater: 61.1%• Total property value: $96.57 billion• Mortgage debt outstanding: $109.94 billion• Median home value drop from peak: 60% (the biggest decline)• Homes in foreclosure or 90+ days delinquent: 13.4% (second-largest percentage) Call : 775-525-1205 www.renohelp.org
    • Contact MARSHALL CARRASCO Twitter Facebook LinkedIn Email 9740 S. McCarran Blvd #103, Reno, NV 89523 Call Us : 775-525-1205 www.renohelp.org