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Phoenix-Mesa-Scottsdale area still 23.2% were underwater

Home equity has improved with rising prices and the close-out of many foreclosure proceedings, still there are millions underwater on their mortgages, according to a study released by CoreLogic on Tuesday. The Phoenix-Mesa-Scottsdale metropolitan area was still the third worst in the country.

County Map showing home equity

via Study Finds 6.4 Million U.S. Homeowners Still Have Underwater Mortgages – Forbes.

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