A new report from CoreLogic shows that 29.6 percent — or 137,989 — of all Orlando-area residential properties with a mortgage were in negative equity in first-quarter 2014, an improvement over 31.5 percent, or 146,794, in fourth-quarter 2013. In addition, 3.5 percent, or 16,442 residential properties, were in near negative equity for first-quarter 2014 compared to 3.6 percent, or 16,738, in fourth quarter 2013. Negative equity, often referred to as “being under water” or “upside down,”…
Reported by bizjournals 4 hours ago.
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