
Negative equity occurs when the value of an asset used to secure a loan is less than the outstanding balance on the loan. In the United States, assets (particularly real estate, whose loans are mortgages) with negative equity are often referred to as being `underwater`, and loans and borrowers with negative equity are said to be `upside down`....
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http://en.wikipedia.org/wiki/Negative_equity

Where the money owed on a mortgage is greater than the value of the property
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http://www.aviva.com/glossary/

When the value of a house is less than the home owner's mortgage.
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http://www.encyclo.co.uk/local/20140

The unfortunate situation where your outstanding mortgage is larger than the value of your house, often as a result of a property price crash
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http://www.encyclo.co.uk/local/20202

The value of the property has less value than the mortgage amount secured on it.
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http://www.encyclo.co.uk/local/20464

When the market value of the property decreases to become less in value than the mortgage. The decrease is known as equity depreciation
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http://www.encyclo.co.uk/local/20536

When the amount owing to the mortgagee exceeds the market value of the property provided as security, the difference is called the negative equity.
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http://www.encyclo.co.uk/local/20912

Is a position where outstanding loans on property exceed its value.
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http://www.encyclo.co.uk/local/20965

A term commonly used in the property market during a recession when a property is worth less in value than the outstanding balance of the loan with which it was purchased. This usually only affects the borrower if they need to sell the property during this time
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http://www.encyclo.co.uk/local/22643

This is where the money you owe on the mortgage is greater than the value of your property.
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http://www.encyclo.co.uk/visitor-contributions.php

A situation where the purchaser of a property has taken out a mortgage and some time after the... <a target=_blank href='http://www.finance-glossary.com/terms/negative-equity.htm?id=996&ginPtrCode=00000&PopupMode=false' title='Read full definition of negative equity'>more</a>
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http://www.finance-glossary.com/pages/home.htm

Situation after a correction in the housing market when many homes are worth less than the loans being used to buy them. In recent times, inflation has overcome negative equity fairly quickly.
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http://www.hemyockcastle.co.uk/money.htm

A problem affecting homeowners in areas where property prices have fallen so much that value of their home is worth less than their mortgage.
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https://www.encyclo.co.uk/local/20141
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