Sentence examples for a negative equity situation from inspiring English sources

When homeowners in a negative equity situation try to short a property, they have to negotiate with all of their lien holders (first mortgage, second mortgage, home equity loan).

"Places like Detroit or Flint didn't even have a housing boom," says Fleming, so even a small price decline could create a negative-equity situation.

An inability to refinance makes homes more likely to fall into foreclosure because in this situation, properies enter negative equity situations more easily; this occurs when a property is worth less than the outstanding loan on it.

In Sacramento, for example, only 17% of homeowners who bought this year are in negative equity situations, compared with 68% of those who bought in 2006.

Nationwide introduced a negative equity loan last year for existing customers.

It can easily live with a negative equity.

This is especially true with so many houses having a negative equity.

While the president's Homeowner Stabilization Initiative, announced on Feb. 18, offers loan modifications for homeowners already in negative-equity situations and the stimulus package offers an $8,000 tax credit for first-time buyers, there are several places where such efforts are likely to have little effect.

"Most mortgages made between the fall of 2004 and the fall of 2007, the majority of them are underwater," says Mark Zandi, chief economist at Moody's Economy.com, describing negative-equity situations in which more is owed on the home than it's worth.

Prices have fallen by 22% from their peak in 2007, according to Halifax, forcing many households into negative equity – a situation where they are stuck with a mortgage which is worth more than the property.

"The Court finds that the Respondent's behavior as an online persona is a significant negative equity," the judge said in his decision to deport her.