Which of the following houses would be considered "underwater"?
A) Purchase price: $100,000; current fair market value: $80,000; outstanding mortgage: $90,000.
B) Purchase price: $200,000; current fair market value: $150,000; outstanding mortgage: $100,000.
C) Purchase price: $125,000; current fair market value: $0; outstanding mortgage: $0.
D) All of these houses are "underwater."
Correct Answer:
Verified
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