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.
door wellwell 1 februari 2009
5 Words related to despereal estate

Dagelijkse gratis email

Vul hier je e-mailadres in en ontvang elke ochtend gratis het Urban Woord van de Dag!

De e-mails zijn afkomstig van daily@urbandictionary.com. We sturen nooit spam.

×