Most Underwater States
Percent of mortgages with negative or near-negative equity:
1. Nevada: 71.69%
2. Arizona: 54.71%
3. Florida: 50.43%
4. Michigan: 43.63%
5. California: 36.93%
6. Georgia: 35.82%
7. Idaho: 28.91%
8. Virginia: 28.54%
9. Colorado: 27.80%
10. Maryland: 27.19%
Source: Forbes.com