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Thursday, October 23, 2014
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HomeBusiness
Fewer area homes called ‘underwater’
Fewer Toledo-area homes were “seriously underwater” in the third quarter of 2014, according to a California real estate data firm. RealtyTrac said 23 percent of Toledo-area properties with a mortgage were seriously underwater, which it defines as the homeowner owing at least 25 percent more than the estimated market value of the property.
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