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Atlanta 2nd Worst in Underwater Mortgages

Homeowners in the metro Atlanta area are much more common than the national average. According to Zillow.com, 30.9 percent of national homes are underwater on average, and the percentage in Atlanta is 54.4 percent. The city rank 2nd worst in the nation, beat only by Las Vegas, where 68.5 percent of homeowners are underwater on their mortgages.

Sadly, the Atlanta movers have more bad news for our region. Negative equity is an increasingly common problem, and 573,016 homes in Atlanta suffer from it. 90-day delinquency rates here is 7.8 percent. 1 in 5 homeowners with negative equity owe double what their home is currently worth.

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