2012-08-28 — huffingtonpost.com
According to the second quarter 2012 Zillow Negative Equity Report, 30.9 percent of homeowners are underwater, owing a combined $1.15 trillion more than their homes are worth. The extent and magnitude of negative equity, however, varies widely by the age of the borrower and when a home was purchased.
Looking at our sample of borrowers, we see that
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