negative equity


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negative equity

the state of holding a property the value of which is less than the amount of mortgage still unpaid
References in periodicals archive ?
Avoid rolling negative equity forward into new purchases.
So the results suggest that negative equity companies have a high weight in Europe and, based on the country cluster studied, it seems that neither culture nor geographical area is determinant in explaining their distribution across countries.
If you've financed a car, and the value of the asset has since fallen below the outstanding balance of the loan, this is considered negative equity.
com suggests that, despite today's property market showing double-digit house price growth across the country, hundreds of thousands of UK homeowners who bought property in 2007 are likely to be affected by negative equity.
Nevada led all states with the highest percentage of mortgaged homes with negative equity at 18.
7m were still underwater on their mortgage in 2Q14 despite rising home values according to US online real estate firm Zillow's (NASDAQ: Z) Negative Equity Report.
The share of mortgage holders with negative equity is projected to drop to 17 percent at the start of next year, according to Zillow.
More people think house prices are a "very serious issue" compared with those who are concerned about their home losing so much value that they are stuck in negative equity in Scotland, Wales, Yorkshire and the Humber, the North West, the West Midlands, the East Midlands, the South West, the South East and London.
MORE people are now concerned about surging house prices than about being stuck in negative equity in 10 out of 12 regions across the UK, as fears about homes becoming unaffordable spread across the country, a report has found.
MORE than 12,000 households in Wales are in negative equity - meaning the houses are now worth less than the amount owners borrowed to buy them, figures show.
If all those who did not migrate because of negative equity were to migrate, were job seekers, and a//got jobs, the unemployment rate would decrease by 0.
So, negative equity is routinely described as a "nightmare," while people are said to be "trapped" in their current property.