Along with # 1, the drop in home equity put many homes in negative equity situations. (bigrockinvestments.com)
This is great news for the country, as 95 % of all mortgage properties are now in a positive equity situation. (loveohioliving.com)
If the appraisal is much lower than the purchase price, you could wind up in a negative - equity situation right from the start. (homebuyinginstitute.com)