A new report says almost one-third of Illinois homes are “deeply underwater” meaning that they’re worth at least 25 percent less than what’s owed on the loans.
The report released today by Irvine, Calif.-based RealtyTrac says that represents almost 775,000 Illinois homes. The report is based on data from December.
Only Nevada and Florida fare worse, with 38 percent and 34 percent of homes deeply underwater, respectively.
Perhaps less talk about cartoon characters and more action on the economy is in order, governor.