5. Georgia
Percentage of mortgages underwater: 33 percent
Georgia is the first state on this list to have more than 30 percent of mortgages in negative equity. The state capital, Atlanta, has been hit hard by the foreclosure crisis, and home prices have suffered. Median sale prices fell 12.7 percent year-over-year to $161,150, and home sales dropped more than 23 percent.
Recommended
2 Comments Add a Comment
- linkicon reporticon emailicon
- Personally, I'm hoping the town of Acworth implodes on one of its residents! Just an opinion.
- reply
- linkicon reporticon emailicon
- 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"
- reply
