Virginia and Richmond are faring better than the national mark when it comes to homeowners with mortgages that are underwater.
- Mortgages in Virginia
Number of homeowners, or 15 percent of people with mortgages, who are deeply underwater.
Number of mortgage holders, or an estimated 20 percent of households, who are on track to regain enough equity to be able to sell their houses in the next 15 months if home prices keep rising.
Posted: Thursday, September 5, 2013 12:00 am
Nearly one in every five homeowners with mortgages in the Richmond area is deeply underwater, according to a report released this morning by an online researcher of foreclosures.
In all, 35,924 households, or 19 percent of residential homeowners with mortgages in the Richmond area, owe 25 percent or more on their mortgages than their houses are worth, according to RealtyTrac’s U.S. Home Equity & Underwater Report for September.
Thursday, September 5, 2013 12:00 am.