what does underwater mortgage mean

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Negative equity occurs when the value of an asset used to secure a loan is less than the outstanding balance on the loan. 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".

What Does It Mean To Be Underwater in a Mortgage? – One. – With all the turmoil in the housing market these days, the term underwater is being tossed about quite frequently, especially as it applies to home and mortgages. So what exactly does it mean to be underwater?

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An "underwater" mortgage is when the balance of the mortgage loan is higher than the fair market value of the property. Underwater mortgages can pose several problems like difficulty to sell their houses, unable to refinance the debt and sometimes higher risk of foreclosure.

SACRAMENTO (CBS13) – More than half of homeowners in Sacramento,San Joaquin and Stanislaus counties are upside down on their mortgages, owing more than. from Zillow.com regarding homes that are.

If your home is underwater-meaning you owe more on your mortgage than the property is now worth-simply. it is not clear what words like right and wrong and good and bad actually mean.

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In a story anticipating the home mortgage deal that was announced today. But the fact that your house is suddenly worth half what you paid for it does not mean you are suddenly unable to make your.

What Does Underwater Mortgage Mean – If you are looking for a quick way to refinance your mortgage payments – we can help you, just visit our site for more information. This type of loan is most appropriate when a substantial part of the existing mortgage loan is paid.

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