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What is in a mortgage contract that releases the mortgagee from the contract if the property value decreases to negative equity?
There is no such clause in the usual mortgage. In fact, negative equity is a huge problem worldwide at the moment. Millions of homeowners are "upside down" on their mortgages, many are facing foreclosure and many are simply walking away from their homes.
There is no such clause in the usual mortgage. In fact, negative equity is a huge problem worldwide at the moment. Millions of homeowners are "upside down" on their mortgages, many are facing foreclosure and many are simply walking away from their homes.
There is no such clause in the usual mortgage. In fact, negative equity is a huge problem worldwide at the moment. Millions of homeowners are "upside down" on their mortgages, many are facing foreclosure and many are simply walking away from their homes.
There is no such clause in the usual mortgage. In fact, negative equity is a huge problem worldwide at the moment. Millions of homeowners are "upside down" on their mortgages, many are facing foreclosure and many are simply walking away from their homes.
What else can I help you with?
What are the disadvantages of negative feedback?
gain of the system decreases.....
What is negative accelertion?
Acceleration is any change in velocity. Negative acceleration is when the change is such that the speed decreases.
What are the disadvantage of negative feedback circuits?
gain of the system decreases.....
What is a negative slope?
Negative Slope can be your speed, position, and/or acceleration, as long as you X increases but your Y decreases.
Is negative correlation bad?
No, the "negative" simply refers to the fact that one variable increases as the other decreases.
Can Km be a negative value?
No the Km can never be a negative value. The Km increases or decreases with temperature. An incorrect calculation can produce a negative value.
Positive reinforcement and negative punishment are?
Different in that positive reinforcement increases a behavior and negative punishment decreases a behavior
What is the definition of negative trend?
A trend that decreases downward in a scatter plot.
Which type of mortgage loan does not have the possibility of negative amortization?
lender buy back
What happens if you move and have a reverse mortgage?
Just pay off the reverse mortgage just as any other loan. If there is negative equity you can leave the home to the lender who will take the loss. A reverse mortgage is a non recourse loan, meaning the lender does not have personal recourse against the borrowers if there is negative equity in the home.
When velocity decreases this could be referred by?
When velocity decreases, it can be referred to as deceleration or negative acceleration. This means that the rate at which an object is moving is slowing down.
What is called when an object's speed decreases?
car negative acceleration, also deceleration
