Palm Beach County’s underwater borrowers coming up for air

house-underwater1

Back in the bad old days of the housing crash, nearly half of Palm Beach County homeowners owed more than their homes were worth.

Now, that level has fallen to just 10.2 percent, Zillow said Thursday. For homeowners who are back above water, the newfound equity offers all sorts of new options, including the ability to refinance a mortgage or to sell.

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