If the value of a home falls below the amount owed on the mortgage for that property,the house is said to be ________.
A)underwater
B)collateralized
C)swamped
D)in short sale

Question

Quizplus · Accepted Answer

When the value of a home falls below the amount owed on the mortgage, it is called being "underwater" or having negative equity. This means that the homeowner owes more on the mortgage than the house is worth on the market.

If the Value of a Home Falls Below the Amount