Foreclosures for Sale, Underwater Mortgages High in Florida
Based on a report, Florida ranks third in terms of underwater mortgages. With such a housing scenario, it can be assumed that the number of foreclosures for sale in the state will soon rise.
A recent report, released by First American CoreLogic, showed that Florida ranks third when it comes to underwater mortgages. This could easily mean that the number of foreclosures for sale will soon put the state on top of the list.
In addition, the country has over 11.3 million homes with negative equity. This figure is up from last year’s 10.7 million households.
By Cassiano Travareli