A homeowner's home that was purchased for $125,000 before the housing crisis is experiencing the greatest collateral damage from the recession at which of the following appraisal values?

Question

Quizplus · Accepted Answer

The homeowner would be experiencing the greatest collateral damage from the recession if the home's appraisal value is significantly lower than the original purchase price. Among the given options, the appraisal value of $90,000 is the lowest and therefore, the best choice for the answer.

A Homeowner's Home That Was Purchased for $125,000 Before the Housing