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Negative equity is sometimes referred to as being underwater or upside-down on a mortgage. Home Equity For example, let’s say that your current mortgage loan balance is $360,000.
Underwater mortgages are much less common now than they were in the Great Recession. Back then, some 12 million borrowers were in a negative equity state. Today, just over one million are, a ...
CoreLogic released its report on underwater mortgages this month, revealing that the number of mortgages with negative equity nationwide declined from 25.2 percent of all mortgages at the end of ...
Negative equity is a deficit of owner's equity, occurring when the value of an asset used to secure a loan is less than the outstanding balance on the loan. [1] In the United States, assets (particularly real estate, whose loans are mortgages) with negative equity are often referred to as being "underwater", and loans and borrowers with negative equity are said to be "upside down".
Homeowners have negative equity — also known as being underwater or upside down — when they owe more on their mortgage than their home is worth. For example, if you had an outstanding loan ...
By Diana Olick An underwater mortgage may sound like you're dealing with beachfront property gone bad, but it's actually a term of art in the world of real estate. You probably heard this term in ...
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