from Cindy Barth , Editor, Orlando Business Journal In the Orlando-Kissimmee-Sanford metro area, 78,948 — or 17 percent, of all residential properties with a mortgage — were in negative equity as of first-quarter 2016 compared with 109,875 — or 23.6 percent — in the year-ago period, a new report from CoreLogic shows. An additional 13,346 properties, or 2.9 percent, were in near-negative equity for first-quarter 2016 compared with 15,075, or 3.2 percent, in first-quarter 2015. Enlarge In the Orlando-Kissimmee-Sanford metro area, 78,948 — or 17 percent, of all residential… more DIGTIALSTORM Negative equity, often referred to as underwater or upside down, applies to borrowers who owe more on their mortgages than their homes are worth. Negative equity can occur because of a decline in home value, an increase in mortgage debt or a combination of both. Nationwide, the total number of mortgaged residential properties with negativ...
Dawn Deegan, Broker Associate REALTOR® at Fathom Realty, Orlando, FL. Dawn holds the designations of ABR (Accredited Buyer Rep); CRS (Certified Residential Specialist); GRI (Graduate Realtor® Institute); SFR (Short Sale Foreclosure Resource); SRS (Seller Rep Specialist; and is also a Cert Negotiation Expert (CNE); Quality Service Cert (QSC), Transnational Referral Cert (TRC), Gold Key Cert (GKC). Dawn is also Relocation Certified and is Silver Certified with Concierge Auctions.