Login for full access to ABQJournal.com



New Users: Subscribe here


Close

Foreclosure study tallies NM homes

........................................................................................................................................................................................

Homes with “deeply underwater” mortgages outnumbered equity-rich homes in New Mexico as of December, according to an analysis by foreclosure-listing firm RealtyTrac Inc.

Homes worth at least 25 percent less than what’s owed on the mortgages numbered 37,372, or 15 percent of all homes statewide with a mortgage. Nationwide, 19 percent of all homes with mortgages were deeply underwater.

Equity-rich homes, with at least 50 percent equity, numbered 34,576, or about 14 percent of all homes with a mortgage statewide, RealtyTrac reported. Nationwide, 18 percent of all homes with mortgages were equity rich.

The general trend in New Mexico and nationwide is a gradual decline in underwater homes and a gradual increase in equity-rich homes.

Top
Read previous post:
Target has suffered “meaningfully weaker” sales in the wake of thieves accessing the retailer’s data system in late November. The company reported on Friday it will close eight poorly performing stores in its 1,800-unit chain. (AP Photo/Chris OMeara)
Supersized data breach

Target reports 70M customers affected; hacking of personal information has taken toll on sales

Close