Tampa, Lakeland among cities with most seriously underwater properties

Tampa and Lakeland are among metros with the highest percentage of seriously underwater properties in the third quarter, a new report from RealtyTrac shows.

Out of the top 10 markets with a population greater than 500,000 where the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market value, Florida markets took up six spots in the third quarter.

Top on the list was Lakeland (28 percent), followed by Las Vegas (27.3 percent); Cleveland (27.2… …read more