UNDERWATER – 71% of mortgages in Clark County, NV

In Data, News on February 8, 2011 at 2:41 pm

Chilling stats reported by USAToday show that more than 50% of residential mortgages in more than 17 counties are underwater.

Topping the list is Las Vegas.  As of September 2010, in Clark County, Nevada, home of Las Vegas, North Las Vegas and Henderson, 71% of mortgages are underwater.

Thats 71% of all remaining mortgages after the foreclosure crisis has already wiped out 10s of 1,000s of mortgages from 2007 through today.

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