{"id":691,"date":"2011-06-30T16:25:20","date_gmt":"2011-06-30T21:25:20","guid":{"rendered":"http:\/\/www.orangesand.com\/?p=691"},"modified":"2011-06-30T16:25:20","modified_gmt":"2011-06-30T21:25:20","slug":"underwater-or-upside-down-on-mortgage-means","status":"publish","type":"post","link":"http:\/\/www.thebains.com\/blog\/2011\/06\/30\/underwater-or-upside-down-on-mortgage-means\/","title":{"rendered":"&#8220;UNDERWATER&#8221; or &#8220;UPSIDE DOWN&#8221; on mortgage means &#8230;&#8230;&#8230;"},"content":{"rendered":"<p>the borrowers owe more on their mortgages than their homes are worth.\u00a0 Texas has 10.1% and 5.4 in near-negative equity loans at the end of 1st quarter 2011, according to CoreLogic data compiled by Real Estate Center Research Economist Dr. Jim Gaines.\u00a0 Nationally there were 22.7% of residential properties with a mortgage with negative equity.\u00a0 Down a bit from 4th quarter 2010.\u00a0 Additionally 2.4 million borrowers have less than 5% equity, referred to as near-negative equity.\u00a0 Negative equity and near-negative equity mortgages accounted for 27.7% of all residential properties with a mortgage nationwide.\u00a0 Texas ranked 33rd out of 44 states for which the data was reported.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>the borrowers owe more on their mortgages than their homes are worth.\u00a0 Texas has 10.1% and 5.4 in near-negative equity loans at the end of 1st quarter 2011, according to CoreLogic data compiled by Real Estate Center Research Economist Dr. Jim Gaines.\u00a0 Nationally there were 22.7% of residential properties with a mortgage with negative equity.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/691"}],"collection":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/comments?post=691"}],"version-history":[{"count":0,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/691\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/media?parent=691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/categories?post=691"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/tags?post=691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}