By

Ilyce Glink /

MoneyWatch/ March 27, 2012, 6:30 AM

Top 10 states for 'underwater' mortgages

6. California

This contemporary Sacramento, Calif., home is for sale for $125,000

/ Realtor.com

Percentage of mortgages underwater: 29.9 percent

Much of California's housing market is still struggling as a result of the housing crash, and state capital Sacramento is no exception. The average sale price in the city fell 6.4 percent year-over-year to $124,000, while sales dropped 14.2 percent.

Top 10 worst mannered cities

2 Comments Add a Comment
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momma kegs says:
Personally, I'm hoping the town of Acworth implodes on one of its residents! Just an opinion.
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johnleonz says:
Homeowners who are underwater in their mortgages may be able to refinance at today's low interest rates without having to appraise out thanks to new rules see your refinance rate at "Official Refinance"
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