Fredrick Purchased a Property Worth $150,000 on Mortgage

Multiple Choice

Fredrick purchased a property worth $150,000 on mortgage. He paid $30,000 as a down payment on this property. However, a recent slump in real estate prices forced Fredrick to sell the property for $115,000 only 2 months later. This sale is termed a(n) :

A) real estate declining equity.
B) real estate short sale.
C) fixed mortgage sale.
D) shrinking principal sale.
E) indexed equity.