Equity In Property
Definition of "Equity in property"
Amount by which the appraised value of property exceeds the debt balance. If property has a fair market value of $ 250,000 while the mortgage balance is $110,000, the owner's equity in the property is $140,000.
Popular Real Estate Terms
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Writ issued by the court requiring a person to appear as a witness or to provide written information in the case. A contempt of court citation may occur for failure to observe the subpoena. ...
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The right to deviate from the use of land prescribed by an existing zoning ordinance. ...
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