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

1. 10 States Sunk by
Underwater Mortgages
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2. According to Corelogic’s Negative Equity report, the mortgages on
more than 11.1 million homes, or 22.8% of the nation’s 48.7
million mortgaged homes, are underwater.
Based on Corelogic’s report, 24/7 Wall St. identified the 10 states with
the highest percentage of underwater mortgages.
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3. 24/7 Wall St. relied on Corelogic’s Q4 2011 Negative Equity report
to determine the states with the highest percentage of mortgages
with negative equity.
• Because of sample size, seven states were excluded from their results.
• Check out the 10 states sunk by underwater mortgages…
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4. 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)
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5. 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)
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6. 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)
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7. 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)
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8. 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)
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9. 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)
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10. 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)
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11. 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)
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www.renohelp.org

12. 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

13. 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

14. Contact MARSHALL CARRASCO
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9740 S. McCarran Blvd #103, Reno,
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