Nequity

What is Nequity?


1.

Negative Equity. This happens when your house value is less than the purchase price minus your down payment.

Joe put 20% down on a $500,000 house, the market crashed and the house is only worth $380,000. Joe now has $20,000 of Nequity.

See equity, negative, housing, crash, real estate


44

Random Words:

1. A phrase used to describe something that is especially funny or notable. Unofficially invented by Lj and Webb in '06. Lj: Anthon..
1. a variation on the teabag. The teabagger must be pantless and run at full speed towards the victim (helps if the victim is sitting). The..
1. A variation on the wheelbarrow position, the norwegian snowplow is at a sharper angle, thus driving the recieving partner's face in..