Did you know that California,Florida,Ohio,Michigan,Georgia,Arizona and Nevada make up 31%
of the populace of the United States BUT they constitute 62% of the mortgages that have negative equity,,,,,,
http://www.corelogic.com/About-Us/ResearchTrends/Negative-Equity-Report.aspx
or another way of looking at it.... California and Florida are 18% of the populace and have 40%
of the mortgages that are underwater.....
