Top 5 reasons homeowners still underwater

Underwater-homeBy Ben Lane | HousingWire

As the housing market improved and prices rose over the last few years, the number of borrowers that owe more on their home than it’s worth fell dramatically, but there are still a number of borrowers that are underwater on their home.

According to recent analysis by RealtyTrac, the number of underwater homes dropped from nearly 13 million in 2012 to 6.7 million in the first quarter of 2016, a reduction of nearly 50%.

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