A homeowner who owes more on his or her mortgage than the mortgaged property is worth is referred to as owning a home that is

Name: A homeowner who owes more on his or her mortgage than the mortgaged property is worth is referred to as owning a home that is
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When a homeowner owes more on their mortgage than the value of the property, they are referred to as "underwater." This means they are effectively drowning in debt, as they owe more than the asset is worth.

A Homeowner Who Owes More on His or Her Mortgage