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
Random Words:
1.
when somebody keeps interrupting your talk by saying your mom, the phrase "your ancestor" will be the best way to shut his/her..
