Monday, April 18, 2016
Equity. Value an owner has in a piece of property less the debt against it. For example, if the market value of a house is $150,000 and the owner has paid off $10,000 of a $75,000 mortgage, the owner has $85,000 equity.RISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com
