Why Leveraged Investments Sink And How They Can Recover (Investopedia)
Story date: 2007-08-22 08:31:30
Added on: 2007-08-22 21:36:59
In the mortgage banking industry, property owners that owe more than their properties are worth are described as being underwater . If the value of a real estate asset is less than the associated mortgage debt, when owners sell their properties they are left owing money on the mortgage.
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