In Alabama, 1 in 10 are Underwater on their Mortgage Loan


One in ten Alabamians are upside down on their mortgages, according to Core Logic.

The rate is lower than the national average of 14.5 percent. Core Logic says some 90 percent of Alabama borrowers have some positive equity stake in their home. However, they are carrying more debt on average relative to the full value of their homes.

More than 28 percent of Alabama borrowers own an amount equal to at least 80 percent of their home’s value.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 223176401 -
Gray Television, Inc.