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what does the term " upside down on your mortgage " mean?

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asked Jan 30, 2013 in Mortgage by anonymous
recategorized Jan 30, 2013 by Richard S
   

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This term refers to having negative equity.  The amount owed is greater that the value of the home or property being purchased.
answered Oct 8, 2013 by smartguy Inquisitive Expert (111,120 points)

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