R.I. among states with most ‘underwater’ mortgages

CORELOGIC SAID RHODE ISLAND had the fourth-highest percentage of mortgaged properties in the fourth quarter at 10 percent. / COURTESY CORELOGIC
CORELOGIC SAID RHODE ISLAND had the fourth-highest percentage of mortgaged properties in the fourth quarter at 10 percent. / COURTESY CORELOGIC
PROVIDENCE – Rhode Island had the fourth-highest percentage of mortgaged homes in negative equity in the fourth quarter at 10 percent, CoreLogic said Thursday. The Ocean State trailed only Nevada, Florida and Illinois, which had negative equity proportions of 13.6 percent, 11.6 percent and 11.1 percent, respectively. Rhode Island had 24,043 homes in negative equity…

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