What does it mean when a mortgaged property is underwater?

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Junior Stehr asked a question: What does it mean when a mortgaged property is underwater?
Asked By: Junior Stehr
Date created: Sat, Mar 13, 2021 5:37 PM
Date updated: Wed, Jun 22, 2022 5:02 AM

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What is negative equity? what does negative equity mean? negative equity meaning & explanation

Top best answers to the question «What does it mean when a mortgaged property is underwater»

An underwater mortgage, sometimes called an upside-down mortgage, is a home loan with a higher principal than the home is worth. This happens when property values fall but you still need to repay the original balance of your loan. Mortgages aren't the only loans that can end up underwater.

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