Underwater

Category: Financing

Underwater

The phrases “underwater” and “upside down” refer to a situation when the amount owed on a mortgage loan is greater than the value of the property.

Tags: Mortgage, Real Estate Terms

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join Hundreds of other Savvy Consumers
by Subcribing to our Monthly Home-Made News Newsletter

>