“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.
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