Correction: Foreclosure Underwater story

April 24, 2015 6:13 PM

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In a story April 23 about mortgage foreclosures, The Associated Press reported erroneously the criteria RealtyTrac used to consider a borrower deeply underwater. It was owing at least 25 above the home's value, not at least 25 percent of the home's value.

LAS VEGAS (AP) — A new report shows that more than half of Nevada homes that are in foreclosure also have mortgage debt that outweighs their home value.

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