Profile of Underwater Properties

According to RealtyTrac, here are some characteristics of seriously underwater properties as of the end of 2015:

  • 41% were non-owner occupied; 59% were owner-occupied;
  • 57% had been owned 10 years or less; 43% had been owned more than 10 years;
  • 63% had a loan originated in 2008 or earlier; 37% had a loan originated in 2009 or later;
  • 33% of all properties valued $100,000 or less were seriously underwater; 8.7% of properties valued more than $100,000 were seriously underwater.

Source: RealtyTrac