Dallas County came in at #21 out of 50 with 4.4% of the homes entering foreclosure proceedings having negative equity. (Read the full story here) Meaning the sales price will not cover the loan amount owed to the bank. Tarrant County represented at #36 with the same number (4.4%) of foreclosed homes having negative equity.
Although I'm not quite sure how we or why we made the list since #50, Pasco County, Florida boasts a whopping 15.7%.
I'm confused.
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