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REAL ESTATE
Where NC mortgage holders are underwater on their home loans
Data: Attom; Map: Jacque Schrag/AxiosWhile most U.S. homeowners are sitting on a mountain of home equity after years of rising house prices, a number of mortgage holders in some pockets of North Carolina are underwater on their loans. Why it matters: That means these folks owe more on the mortgage than their home is worth, which puts them in a horrendous financial situation if they need to sell their house, Axios' Brianna Crane writes. Zoom in: Rocky Mount had some of the highest percentages in the state of homeowners with underwater mortgages as of the first quarter of this year,...
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