mortgaged mortgaged  /ˈmɔr ɡɪdʒd/

Definition(s):

  • (adj) burdened with legal or financial obligations

Usage(s):

  1. To keep up his experiments he mortgaged everything he owned.
  2. More businessman than lawyer, he lost his shirt trying to electrify the Knoxville Street Railroad system, mortgaged his wife's Chattanooga house for $5,000 and moved to New York.

News

  1. Want to Motivate Sellers? 850,000 Properties Bounce Back to Positive Equity

    Residential property analytic provider CoreLogic® recently released new analysis showing the market is making big moves, with 850,000 additional residential properties turning to positive equity during the first quarter of 2013. In addition, the analysis shows good news for mortgages: the total number of mortgaged residential properties standing in negative equity is down by nearly [...]
    on June 13, 2013     Source: RISMedia Real Estate News

  2. CoreLogic: Negative Equity Decreases in Q1 2013, 9.7 Million Properties still with Negative Equity

    CoreLogic ... today released new analysis showing approximately 850,000 more residential properties returned to a state of positive equity during the first quarter of 2013, and the total number of mortgaged residential properties with equity currently stands at 39 million.
    on June 12, 2013     Source: Calculated Risk

  3. Underwater mortgage percentage falls below 20%

    WASHINGTON (MarketWatch) -- The percentage of all residential mortgages that are in negative equity, or "underwater" or "upside down," at the end of the first quarter fell to 19.8%, or 9.7 million, CoreLogic said Wednesday. That's down from 21.7% at the end of the fourth quarter of 2012 and from over 25% at the end of 2011. Nevada was the state with the highest percentage of mortgaged properties ...
    on June 12, 2013     Source: Market Watch

Word of the Day
periphery periphery
/pə ˈrɪ fə ri /