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Examples
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Walking away from a mortgage in one of those states can be a disastrous step even for borrowers in negative-equity situations.
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More subtle, but equally important, the parties must agree on who will bear the tax and credit consequences of a negative-equity scenario.
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More subtle, but equally important, the parties must agree on who will bear the tax and credit consequences of a negative-equity scenario.
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But in these economic times, the negative-equity scenario, in which the mortgage debt exceeds the net sales price, is an all-too-common occurrence.
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At what point does a credit policy hell-bent on foreclosure-mitigation become a scheme to imprison negative-equity homeowners in depressed areas, for the benefit of banks?
Blue Sky series: The anonymous hedge-fund manager's plan 2010
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But in these economic times, the negative-equity scenario, in which the mortgage debt exceeds the net sales price, is an all-too-common occurrence.
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Yet both proposals recognized an important principle: A solution to the negative-equity problem in the housing market would also reboot bank balance sheets and enable new lending to be resumed.
What Ben Bernanke May Be Thinking Vernon L. Smith 2010
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Using the Case-Schiller Index as a benchmark, anyone who took out a mortgage with 20% down during 2005 though 2007 in the top ten markets listed above now has negative-equity.
David Fiderer: The Simple Arithmetic of the Mortgage Crisis Debunks Right Wing Media Narratives 2009
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When subprime lending, the interest-only adjustable-rate mortgage (ARM), and the negative-equity option ARM were no longer able to sustain the flow of new buyers, the inevitable crash could no longer be delayed.
From Bubble to Depression? Steven Gjerstad 2009
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The impaired mortgage-backed securities reflect not only the negative-equity mortgages but also positive-equity mortgages with very high interest rates, adjustable rates, or negative amortization.
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