_____ is a situation where homeowners owe more to the lenders than what their properties are worth.

Question

Quizplus · Accepted Answer

Negative equity is a situation where the value of a property decreases or the outstanding mortgage balance increases over time, resulting in the borrower owing more to the lender than what the property is worth. This can occur due to factors such as a decline in property values or taking out a loan with a high-interest rate.

_____ Is a Situation Where Homeowners Owe More to the Lenders