The numbers are different, but the story is the same. Too many Sacramento-area homeowners owe more than their houses are worth. Zillow said recently it's 38 percent of all mortgages.
But today, Santa Ana-based CoreLogic reported that 43.4 percent of mortgages in El Dorado, Placer, Sacramento and Yolo counties are in a state of negative equity. Their owners owe more than the house is worth. CoreLogic says there are 214,468 homeowners in that predicament locally.
Read more: (blogs.sacbee.com)
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