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Negative equity (2)
NEGATIVE EQUITY (2)

Definitions:

i. The situation in which the value of somebody's house is less than the amount of money that is still owed to a mortgage company, such as a bank.

ii. (British, business) If someone who has borrowed money to buy a house or flat has negative equity, the amount of money they owe is greater than the present value of their home.
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* All seven elements would be in.


1. The processes before the purchase were professionally handled. And the mortgage or a loan was fully used up to acquire the property.

2. The apartment or house was not or could not have been maximally utilized such that it could have earned an extra income for owner.

3. Basis or reason(s) for situation is/are known. That is, what is responsible for 'devaluation' will be specific and identifiable.

4. Mortgage or loan is still being serviced. That is, efforts are still ongoing to liquidate loan or to reduce the indebtedness.

5. The threat or likelihood of repossession is apparent or will be clearly imminent; the 'negative' cannot be treated with levity.

6. The bad condition prevailing will certainly not be impossible to change. That is, right acts can turn negative to 'positive'.

7. A loss will be suffered in the situation, especially if attempts are made to raise funds, be this psychological or financial.
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See perfect BEDROOM TAX.

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