Thursday, May 26, 2016

Here are the top 5 reasons some homeowners are still underwater [Infographic]

As the housing market improved and prices rose over the last few years, the number of borrowers that owe more on their home than it’s worth fell dramatically, as RealtyTrac notes that 12% of homes with a mortgage are still underwater. But with nationwide home prices rising 47% since bottoming out in February 2012, why are there still so many underwater borrowers? Here are the top five reasons.

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