Are You Upside Down In Your Home?
The real estate profession is home to many slang terms, one of which is “upside down”.
When someone is upside down in their home, it doesn’t mean they have to walk around standing on their hands.
Instead, it means they owe more than they would realize if they sold their home.
Unfortunately, many buyers who bought with little or no down payment in 2005-2007 have become quite familiar with this phenomenon.
Photo Credit: www.offbeathomes.com
November 16th, 2008 Posted in Inside Real Estate
Print This Post
No Responses to “Are You Upside Down In Your Home?”
By Coppell Real Estate and Homes for Sale on Nov 17, 2008
Very cool picture to go with the blog post. I like your site. Keep up the good work.