_____ is a situation where homeowners owe more to the lenders than what their properties are worth.
A)Negative equity
B)A foreclosure
C)A restructure
D)Inflation
E)An expanded mortgage

Question

Quizplus · Accepted Answer

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 context of homeownership, it means the homeowner owes more on their mortgage than their home is currently worth.

_____ Is a Situation Where Homeowners Owe More to the Lenders