RealtyTrac's U.S. Home Equity & Underwater Report for the second quarter shows that 9.1 million U.S. residential properties were seriously underwater — where the combined loan amount secured by the property is at least 25% higher than the property’s estimated market value. The number represents 17% of all properties with a mortgage.

The second quarter saw a slight decrease in seriously underwater homes - specifically 17.2% versus 17.4% in the first quarter.

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