WASHINGTON, D.C. – June 25, 2012 – (RealEstateRama) — A newly released survey shows that more than half of all U.S. homes with a mortgage are underwater or owe more on their homes than the current value of their property. The study, which was conducted by Housing Predictor.com is the strongest indicator yet that efforts made by the Obama administration are doing little to aid U.S. homeowners in the worst housing downturn since the Great Depression.
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