At the peak of the financial crisis, more than 15 million homeowners in the U.S. were underwater on their mortgages, and foreclosures, short sales and fast property appreciation helped alleviate negative equity for nearly half of homeowners. In Charlotte, 16.3 percent of homeowners still owe more on their house than it’s worth.
At the peak of the financial crisis, more than 15 million homeowners in the U.S. were underwater on their mortgages, and foreclosures, short sales and fast property appreciation helped alleviate negative equity for nearly half of homeowners. In Charlotte, 16.3 percent of homeowners still owe more on their house than it’s worth. Reed Saxon AP
At the peak of the financial crisis, more than 15 million homeowners in the U.S. were underwater on their mortgages, and foreclosures, short sales and fast property appreciation helped alleviate negative equity for nearly half of homeowners. In Charlotte, 16.3 percent of homeowners still owe more on their house than it’s worth. Reed Saxon AP

Over 16 percent of Charlotte homes are still underwater

March 20, 2015 9:22 AM