According to a report by CoreLogic the West Palm Beach-Boca Raton-Boynton Beach metro statistaical area (MSA) is the 9th most upside down area in the country (highest negative equity). It states that over 45% of the properties are upside down in terms of equity in the property. Fort Lauderdale and Miami are also on the list at numbers 5 & 6 respectively.
If you weren't thinking about short selling your home, you may want to rethink it!
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