Almost 40% of Second Mortgages Underwater

Homeowners who took out a second mortgage are twice as likely as those who didn’t to be underwater on their mortgages, with a whopping 38% owing more than their homes are worth, according to a CoreLogic report released today. They were also much deeper in the hole, with an average…

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Almost 40% of Second Mortgages Underwater

Posted by on June 7, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.