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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Annual rate of inflation of 10% or higher. ...
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Method of valuing a property through examination and comparison of recent sales of comparable properties. ...
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