During 2007 - 2008, many borrowers had ________ in their homes causing individuals to "walk away" from their homes.
A) positive equity
B) negative equity
C) positive market value
D) negative market value
E) positive asset value

Question

Quizplus · Accepted Answer

During 2007-2008, many borrowers had negative equity in their homes due to the housing market crash and economic recession, causing individuals to "walk away" from their homes. Negative equity means that the borrower owes more on their mortgage than the current market value of their home.

During 2007 - 2008, Many Borrowers Had ________ in Their