Lakeland Leads Florida in Underwater Mortgages – LkldNow

Lakeland Leads Florida in Underwater Mortgages Barry Friedman Jun 28, 2018 at 1:16 pm Florida Business Daily Lakeland-Winter Haven is 31st in the nation and first in Florida among 98 large metro in the percentage of "seriously underwater" mortgages – those that owe at least 25 percent more than the property value, according to a recent analysis.

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 · What Will the Housing Market Look Like in the Next Recession?. when nearly 30% of homeowners were underwater on their mortgages.. Located in the center of Florida’s peninsula, Lakeland is showing strong growth that mirrors the state’s coastal metro areas featured on the list. Lakeland grew by 9.91% from 2013 to 2017 due to net.

 · The year-end 2015 seriously underwater properties were down 481,292 from 6.9 million (6,917,673) representing 12.7 percent of all properties with a mortgage at the end of the third quarter of 2015 and down 616,189 from 7.1 million (7,052,570) representing 12.7 percent of all properties with a mortgage at the end of 2014.

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