Report: 6 percent of homes in Kankakee County "seriously underwater" on their mortgages
Just over one out of every 20 homeowners in Kankakee County has a mortgage that's 125 percent or more of their home's value, according to a report by Attom Data Solutions, a California-based provider of property data.
A Kankakee Times analysis of the report found that, across Kankakee County, exactly 6 percent of homeowners were "seriously underwater," as defined by Attom.
As of March 31, one homeowner in the area (11.3 percent) owed 25 percent more than their home's estimated market value, Attom reports.
Source: Attom Data Solutions.
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