negative equity


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negative equity

n
(Economics) the state of holding a property the value of which is less than the amount of mortgage still unpaid
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In the past when trading a vehicle, customers were expected to pay off or finance negative equity. This, combined with the purchase of another vehicle, was a financial burden.
Pharming also said it had presented to the shareholders alternatives to deal with its negative equity situation.
A RISE in mortgage arrears and negative equity in the north of Britain were yesterday blamed on the UK's growing north-south jobs divide.
SOME 827,000 households were in negative equity in the first quarter of 2011, where the property value had dropped to less than the outstanding mortgage, new figures revealed.
In the Miami-Miami Beach-Kendall area, 46.6 percent, or 236,103, of all residential properties with a mortgage were in negative equity for first quarter 2011, according to new negative equity data released by CoreLogic for the quarter.
Negative equity reached a new high mark with 28.4 per cent of single-family homeowners with mortgages underwater at the end of the first quarter, up from 27 per cent in the fourth quarter of 2010.
Summary: Homeowners who bought at the height of the housing market face another four years of negative equity before they recover what they paid.
As we reported to you previously, a substantial proportion of borrowers with active nonprime mortgages (including subprime and Alt-A loans) had negative equity in their homes as of June 30, 2009.
NATIONWIDE yesterday defended the launch of their 125 per cent mortgages And they said the loans offered a "socially responsible and prudent" solution to people in negative equity.
Nationwide is seeking to enable its own existing borrowers with negative equity to move home on terms that strengthen Nationwide's position by trimming the negative equity.
In this article, we estimate negative equity in the U.S.
ALMOST one in 10 homes in the North are in negative equity, it was revealed today.