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Negative Equity Soars, 27 Percent Of Mortgage Borrowers Owe More Than Their Home Is Worth

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The number of borrowers who owe more on their mortgages than their homes are worth took a huge leap in the fourth quarter of 2010. A full 27 percent of borrowers are now "underwater" on their mortgages, up from 23 percent in the previous quarter, according to a new report from Zillow. Foreclosure moratoriums and falling home prices are to blame.

Read the whole story at CNBC

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