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Article: The Bizz, March 7
- Article from:
- Inland Valley Daily Bulletin
- Article date:
- March 6, 2009
CopyrightCopyright 2009 Inland Valley Daily Bulletin. Provided by ProQuest LLC. (Hide copyright information)
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Negative home equity in the I.E. approaches 45 percent
In the San Bernardino-Ontario-Riverside area, 379,037, or 44.8
percent, of all properties with a mortgage had negative equity as of
Dec. 31, according to newly released data from Santa Ana-based First
American CoreLogic. An additional 34,397 mortgages in the region, or
4.1 percent, were near negative equity. On a national level, more
than 8.3 million U.S. mortgages, or 20 percent of all properties
with a mortgage, had negative equity. California ranked first with
more than 1.9 million borrowers having negative equity, followed by
Florida (1.3 million) and Texas (498,000).
Ontario executive named in top financial adviser list
Morgan ...