Wow! This is an amazing statistic. According to an article in yesterdays Oregonian, written by Jeff Manning, 22.6% of Portland-area homes owe more on their mortgage(s) than the house has value.
You can read the complete article by following this link.
http://www.oregonlive.com/business/index.ssf/2010/08/a_fifth_of_portland-area_homeo.html
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