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More LI homes were 'underwater' in first quarter
The number of Long Islanders who owe more on their mortgage than their home is worth rose in the first three months of the year, according to a report released today.
Of all Island homeowners with mortgages, 8.4 percent, or 45,083, had “negative equity” in their homes in the first quarter of 2012, according to national data provider CoreLogic. That marks a 1.6 percent increase from the same...