15 Percent Of Mortgage Metro Homeowners Remain Under Water

Dated: 03/04/2014

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Despite a rapid run-up in home values in 2013, 15.2 percent of Portland-area homeowners with a mortgage still owed more than their home was worth at the end of the year.

new report from the real estate website Zillow says that all together those 64,000 homeowners are "under water" by about $4.5 billion.  And more than one-third of area homeowners don't have enough equity to to sell without taking a loss.

The so-called negative equity rate is down from a peak of 34.3 percent by Zillow's reckoning, set at the beginning of 2012. Read More Here... 
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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

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