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‘Seriously underwater’ mortgages fall in first quarter – In Palm Beach, Broward and. will forgive principal loan balances for homeowners still struggling with underwater mortgages. But RealtyTrac said only about 1,800 of the 279,965 seriously underwater.

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South Florida among top areas for loan modifications – South Florida ranks among the top. he said. West Palm Beach mortgage banker Adam Cohn said he was able to persuade a lender to forgive $50,000 from one man’s underwater loan. Once the loan amount.