Monday update: Here is the Sunday story about "walkaways" and it's getting lots of reaction
I have a story coming this weekend about the reluctance of many borrowers to keep paying on homes bought or refinanced during the boom. They are "underwater" - that is, they owe more than their homes are worth.
As part of the research I requested from MDA DataQuick a ZIP Code-specific look at what percentage of homes are in this condition. The data are being made into a map for the story, but here is a sneak peak at 86 capital-area ZIP Codes in El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba counties.
If your ZIP Code isn't listed it's because you live in one with fewer than 500 people.
Much of this isn't too pretty, and it's surely the cause of a lot of sleepless nights for people who live in the capital region.
- 36.1 percent of Sacramento County homes are underwater.
It's 37.2 percent in Yuba County and 25.6 percent in Sutter County.
The underwater tally is 15.9 percent in Placer County, 12.5 percent in Yolo County and 10.6 percent in El Dorado County.
For California as a whole: 26.1 percent.
Check the link above to see how your ZIP Code is faring.
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