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https://www.investopedia.com/terms/n/negativeequity.asp
Negative Equity: What It Is, How It Works, Special Considerations
Negative equity occurs when the value of real estate property falls below the outstanding balance on the mortgage used to purchase that same property.
what it isnegative equityworksspecial
https://www.info.gov.hk/gia/general/201401/29/P201401290536.htm
Residential mortgage loans in negative equity December quarter 2013
mortgage loansnegative equityresidentialdecemberquarter