Howard PankratzThe Denver Post


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September 5, 2013
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13 percent of Colorado homeowners 'deeply underwater' in September

Nationwide, 10.7 million homeowners remain "deeply underwater," which means they owe at least 25 percent more on their mortgages than their properties are worth, RealtyTrac said in a report Thursday.

In Colorado, 158,753 homeowners, or 13 percent, are deeply underwater, according to the report.

The report said that nationwide another 8.3 million homeowners are either slightly underwater or slightly above water, putting them on track to have enough equity to sell sometime in the next 15 months without resorting to a short sale.

The 8.3 million include homeowners with a loan-value ratio from 90 to 110 percent, meaning they have between 10 percent positive equity and 10 percent negative equity.

RealtyTrac said that in Colorado, 270,372 homeowners are in this category, or 22 percent.

To read this article in its entirety, go to http://www.denverpost.com/breakingnews/ci_24023107/13-percent-colorado-homeowners-deeply-underwater-september


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The Summit Daily Updated Sep 5, 2013 11:31AM Published Sep 6, 2013 04:35PM Copyright 2013 The Summit Daily. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.