Housing Wire Article To Share ~ Good News For California

If we don't have a lot of underwater homeowners any longer, the option for distressed home purchases falls extremely short for the people still hoping to purchase and flip a home.

Not saying there aren't any to be had but check out the cities with the most underwater homeowners and note that we are not one of them. (Described as homes where the loan balance is at least 25% higher than the current value.)

1) Nevada (34%)

2) Florida (31%)

3) Illinois (30%)

4) Michigan (29%)

5) Ohio (27%)