Nevada has the most underwater homeowners

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Understandably, areas that were prone to higher volatility in both the rise and fall of home prices are still struggling. In particular, Nevada, Florida, and Arizona still have significant numbers of underwater homeowners, with Nevada leading the pack at 30.4% of all mortgage-bearing homeowners being underwater (as of early 2014).

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Where the water is deepest shouldn’t surprise: Nevada has the highest share of underwater properties (29.4%) followed by Florida (26.9%). After that comes Mississippi, Arizona and Illinois. Of the 25 largest regions, Tampa had the highest share at 29.5%. Still, that’s a nice improvement from 41% a year ago.

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Nevada a little more than a week ago to visit Val and Paul Keller. The Kellers home is currently worth $100,000 but their mortgage balance is $168,000. In the context of this visit the administration.

Abandoned Places in Nevada - The Sundowner Motel Underwater homeowner bailout considered with bank settlement. by Broderick Perkins (10/20/2011) Erate Exclusive – Underwater homeowners may get a shot at a refinance and other financial assistance as part of a settlement negotiated by federal and state government agencies yanking banks for mortgage and foreclosure abuses.

The magnitude of the problem varies by market. In Las Vegas, for instance, more than a quarter of all homeowners with mortgages owe more than double what their home is worth. On a state level, Nevada has the highest percentage of homeowners with negative equity, with 67 percent underwater, Zillow found.