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Blue Water Mortgage

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15 zip codes with the most 'underwater' properties

Nearly a tenth of homes with a mortgage in the United States were considered “seriously underwater” at the end of the first quarter of 2017, according to statistics from ATTOM Data Solutions.

These homes — all 5.5 million of them — are not physically flooded, though the situation is nearly as alarming: A property is seriously underwater if the amount owed on the loan secured against it is at least 25% higher than the value of the property.

The good news is that the number of seriously underwater homes is down from the same time in 2016 , but up slightly from the fourth quarter.

Where Are the Trouble Spots?

“While negative equity continued to trend steadily downward in the first quarter, it remains stubbornly high in often-overlooked pockets of the housing market,” said Daren Blomquist, senior vice president at ATTOM Data Solutions.

Considering the hordes of Christmas shoppers, is it fair to say that SOME people have never had it so good?

I decided to visit 3 shopping centres over the weekend - Westfield, Brent Cross and Blue Water, all in London.


Oddly enough, I answered another question in pretty much a similar way to how you put your questions, and I was tarred and feathered for "not knowing what it is like for real people out there" (am I a figment of someone's imagination?