Underwater mortgages down 30% plus in NoCO
In Fort Collins-Loveland, 4.5 percent of homes were worth less than their mortgages or had negative equity and were classified as being "underwater" in the second quarter, compared with 6.8 percent in the first quarter of 2013, a 33 percent drop, according to data from CoreLogic, a California-based analytics firm.
Additionally, 2.6 percent of homes were near negative equity in the second quarter, compared with 4.3 percent in the first quarter of 2013.
In Greeley, 15.7 percent of residential mortgages were underwater in the second quarter, down from 22.7 percent in the first quarter of 2013, a 30.8 percent decline.
The data also show that 6.6 percent of properties were near negative equity, compared with 8.3 percent in the previous quarter.
Statewide, 9.5 percent and nationwide 14.5 percent of mortgages were underwater in the second quarter.
More breaking news...
Front Range Internet tripling size of its data center
Solera National Bancorp is the holding company for Solera National Bank, which has a mortgage origination
Firestone approves capital improvement plan
The company, founded in 1995 by Bill Ward and his son, Brad, has added an additional 3,000 square
The plan outlines projects proposed for completion by 2020, including several in
Drilling casts shadow on home mortgages
Fort Collins names new deputy city manager
Groundbreaking, demolition at Foothills
Robot helping simulate Mars mapping