negative equity |
An estimated 22.8 percent of properties, over 11 million homes, are underwater. That means almost one fourth of homeowners owe the bank over their house is worth on the market.
|
|||
An estimated 22.8 percent of houses, more than 11 million houses, are underwater. That means almost a quarter of homeowners owe the bank more than their property is worth on the industry.
|
|||
