Corelogic: 27% of California homes with mortgages underwater

Here is a edited graphic (click to enlarge) from the CoreMortgage Risk Monitor showing the number of homes with mortgages underwater by state. California is estimated to have 27% of homes with mortgages underwater and another 4-5% with homes nearing being negative equity (defined as the total mortgage amounts being with 5% of the homes price). More information can be found in the newsletter as well as full listing of all states.