2.1M Florida homes underwater

  • By Business Observer Staff
  • | 6:30 p.m. March 8, 2011
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Of the 4.5 million borrowers with outstanding mortgage loans in Florida, 2.1 million owe more than the value of their home, representing 47% of the population. Nearly 20% of all so-called “underwater” mortgages in the United States involve Florida properties, according to CoreLogic.

 

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