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

Question

Quizplus · Accepted Answer

Negative equity is a term used to describe a situation in which the value of a homeowner's property is less than their outstanding mortgage balances. This typically occurs when property values decline or when homeowners take out mortgages with an initially high loan-to-value ratio.

_____ Is a Situation Where Homeowners Owe More on Their