Nequity

What is Nequity?

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

515 Alive

1. a rave-esque festival held in the down town area of des moines in the summer. at 515 alive it's likely to find: break dancing, drin..

Gatored

1. When someone shoves a Gatorade bottle of any shape up your ass "Dude, i so gatored him a minute ago!" See gatorade, kevin, g..

El Cajon Social Security Office

1. ssi office in greater san diego area where workers regularly revoke ssi rights of long time receipients including the severely mentally ..

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Nequity Edit Meaning