The Real Estate Encyclopedia
Upside Down
Category - Real Estate Glossary - Real Estate Terminology
The Term Upside Down refers to when a home owners owes more on the home than what the home is currently worth. This is due to declining value usually following an overheated real estate market where property value rose very high. It could also happen in an area where the economy is shrinking due to lack of employment and economic changes.
Real Estate Glossary - Real Estate Terminology
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