Top Definition
(n.) property with negative equity in a declining real estate market
There is so much despereal estate in this neighborhood. Behind every 'for sale' sign is a mortgage debt greater than the value of the house itself.
von wellwell 1. Februar 2009
5 Words related to despereal estate

Täglicher Gratisnewsletter

Gib unten deine Mailadresse ein um jeden Morgen gratis dein "Urban Wort des Tages" zu bekommen!

Die Mails werden von daily@urbandictionary.com versendet. Wir versenden keine Spammails.

×