According to the business analytics company CoreLogic, more than 450,000 of the 2.2 million mortgages in Illinois have negative equity — meaning the homeowners owe more on the house than what it’s worth on the open market.
Illinois ranks 12th on CoreLogic’s list of states with the highest percentage of ‘underwater’ mortgages.
Click on the following for more details: Get Real » One in five Illinois homeowners ‘underwater’
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