Uptick in underwater mortgages in metro Denver
The number of Denver area homeowners “underwater” on their mortgage loans climbed slightly from the first to second quarter and stood higher than the national average, according to a new report from CoreLogic.
The second-quarter report, released Tuesday, shows 145,242 residential properties with a mortgage in the Denver-Aurora-Broomfield metro area were in negative equity. That’s 22.9 percent of all homeowners with a mortgage in the area.
Negative equity and “underwater” mean a homeowner owes more than the property is worth….Read More