Report: Nearly 70 percent of LV homeowners underwater on mortgage

November 30, 2009 Credit, Other - Business & Finance, Other - Taxes

Homeowners in the Las Vegas area continue to be punished by dropping prices, with the number underwater in their mortgages surpassing 319,000 or 69.5 percent. That’s according to First American CoreLogic, which last week issued negative equity numbers for home mortgages and home equity lines of credit.

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Report: Nearly 70 percent of LV homeowners underwater on mortgage

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