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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
This program was designed to eliminate or minimize the negative equity of customers' trade-in vehicles.
Pharming announced last December a negative equity capital referring to among others changes needed to comply with the IFRS accounting requirements.
The housing market has held up better in some parts of the country than others - but negative equity was more likely in Yorkshire and Humberside, the north-east and Northern Ireland.
Nationally, 27 percent, or 10.9 million, of all residential properties with a mortgage were in negative equity at the end of the first quarter of 2011, down slightly from 11.1 million, or 23.1 percent, in the fourth quarter.
With substantial home value declines, as well as increasing negative equity and foreclosures, Zillow forecasts show it is unlikely that home values will reach a bottom in 2011.
For most states and the District of Columbia, the estimated percentage of nonprime borrowers with active loans that were in a negative equity position increased from 2006 through mid-2008 and then remained fairly stable through the end of 2009.
They will then be able to transfer the negative equity on their former home to the new property, as long as it does not exceed 30 per cent of the new home's value.
For the "top-up" funding the remaining negative equity, that rises to 7.23 per cent and 7.98 per cent.
In Section 3, we present estimates of negative equity mortgages as well as examine the static relationship between negative equity and mortgage default.
Nationally, around a million home owners are thought to be in negative equity as the credit crunch continues to bite.
If the value of the house is less than what I owe on it, I have negative equity.
Negative equity on horses could be a big nail in the coffin for the future of British racing.