Real Estate

‘Underwater’ mortgages decline in South Florida, Zillow says

“Underwater” mortgages continued to decline across South Florida at the end of 2015 as higher home prices helped restore equity lost during the six-year housing collapse, a new report shows.

In Palm Beach, Broward and Miami-Dade counties, 13.7 percent of homeowners with a mortgage — more than 115,000 people — still owed more than their homes are worth, but that's down from 19 percent in the same period a year earlier, according to Zillow.com.

Click on this link to read more of this Sun Sentinel story.

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