What is an Equity Sale?

Equity is the positive difference between fair market value and any outstanding liabilities (debts) associated with the property.” Assets – Liabilities = Equity. Liabilities can be things such as Mortgage loans, Lines of Credit, Liens against the title, etc. Net Equity is different that Gross Equity. Net equity is the gross equity less the cost of selling the home. The best part of an Equity Sale is that you, the homeowner, walks away from closing with a CHECK!

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