This information is by and large inaccurate and much worse in reality.
This is because Zillow uses original purchase price to compute the negative equity despite larger percentages having refi'd after the fact or added a second mortgage. The problem is much larger than depicted here.
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This information is by and large inaccurate and much worse in reality.
Aug 20 13:53 pm
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All Comments by Mr Mortgage »Today's Negative-Equity Update [View article]
This is because Zillow uses original purchase price to compute the negative equity despite larger percentages having refi'd after the fact or added a second mortgage. The problem is much larger than depicted here.