Palm Beach County’s share of underwater homeowners keeps falling

underwater-real-estate

The share of Palm Beach County mortgage borrowers who were “seriously underwater” fell to 20 percent in the third quarter, down from 20.4 percent in the second quarter, RealtyTrac said in a report released Thursday.

Some 23 percent of Florida mortgage borrowers remained “seriously underwater” — defined as a loan balance 25 percent more than the home value — in the third quarter, according to RealtyTrac.

Among Florida’s 67 counties, the underwater rate ranged from a low of 7.9 percent in Franklin County to a high of 39.4 percent in Gadsden County. See a county-by-county map:

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