Investment and Vacation Real Estate - Orlando, Florida

Three years of depreciation have left close to half of Tampa Bay homeowners owing more on their mortgages than their homes are worth.

In a September report put out by First American CoreLogic, a real estate information company, 46 percent of residential properties in the Tampa Bay area struggled with negative equity. That's 314,183 out of 684,822 homes.

In Florida, about 2 million of 4.6 million home mortgages were underwater, for a rate of 45 percent.

Source: TampaBay.com - James Thorner

Stop Foreclosure & Save Your Credit

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Orlando Foreclosures - Foreclosures Orlando - Orlando Short Sales

Posted by Real Estate - Associates on November 28th, 2009 10:32 PMPost a Comment (0)

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