MOUNTAIN HOUSE, Calif. — This week, a real estate office in Tracy, Calif., near Mountain House, was advertising foreclosure sales. Because of plunging home values, almost 90 percent of homeowners here owe more on their mortgages than their houses are worth, according to figures released Monday. That is the highest percentage in the country. The average homeowner in Mountain House is “underwater,” as it is known, by $122,000.
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1 comment:
We are happy to say we are NOT underwater!
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