12,854 Orange County mortgages are ‘seriously’ underwater

Despite a healthy economy and booming real estate market, 2.2% of Orange County mortgages were “seriously underwater” at year’s end, Attom Data Solutions says.
Orange County had 12,854 underwater homes in last year’s fourth quarter, said Attom, which tracked what it sees as some of the most troublesome home loans: mortgages that are 25% greater (or more) than the value of the home. While this may sound like a lot of troubled loans, Orange County’s share of seriously