When it comes to equity, what does it mean to have negative equity or be “underwater”?

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When it comes to equity, what does it mean to have negative equity or be “underwater”?

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Lydia 4 weeks 2021-11-07T06:49:18+00:00 2 Answers 0 views 0

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    2021-11-07T06:50:42+00:00

    Answer:

    “Negative equity or being under water means owing more than the home’s value on a home loan is known as being “upside down” or “underwater.” The gap between the home’s value and the amount owed is called “negative equity.”

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    2021-11-07T06:50:50+00:00

    Answer: The amount owed is greater than the cars worth

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