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20% of Homeowners Owe More to Lender Than Their Homes Are Worth
USA, 01.11.2008
Almost half of Nevada homeowners with a mortgage owe more to the bank than their homes are worth. If you add in the homeowners like them in California, Arizona, Florida, Georgia and Michigan, together they account for nearly 60% of all homeowners who are "underwater" on their mortgages. Nationwide, almost one out of every five homeowners with a mortgage owes more to their lender than their properties are worth. (USA Today)
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