Palm Beach County’s underwater borrowers regain equity

Things are improving for Palm Beach County in terms of the percentage of people owing more on their mortgage than the value of their property. However, at 36 percent, Lake Worth (33460) is still more than the average Palm Beach County rate of 24 percent. Check out the selective zip code list below or click title for link to article for a more extensive listing.

Underwater in Palm Beach County
Percent of homeowners with a mortgage who owe more on the loan than their home’s value by ZIP Code
33415 Greenacres, 46
33461 Palm Springs, 44
33407 West Palm Beach, 41
33409 West Palm Beach, 41
33417 Century Village, 40
33404 Riviera Beach, 39
33463 Greenacres, 38
33435 Boynton Beach, 36
33460 Lake Worth, 36

Oh, and Dan Liftman is interviewed for this article and happens to be underwater with his condominium. He also happens to be the staff person at Congressman Alcee Hastings' office. He also dabbles in local politics and swims with what is sometimes referred to as the "other side." He and AnnaBeth Karson are on a first name basis, among others. The question is why would the Post seek him out to be quoted for the article and then not mention his affiliation? He talks about a federal bill that expired which was designed to help people in that situation. My advice to the Palm Beach Post and to Kimberly Miller would be that there are other people to talk to other than Dan Liftman and their other favorite, Drew Martin.