AgentMortgage

The curse of negative equity: Is there an escape?

Homeowners place false hope on price appreciation
Published on Oct 2, 2006

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Homeowner equity is property value less the sum of all debts secured by the property. If equity is negative, it means that the debts exceed the property value. Homeowners who think of themselves as tenants may not be much bothered ...

Comments