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

Zlotoff

1. The process of improperly applying cream cheese to a bagel. When zlotoffing, instead of applying cream cheese to the entire bagel initi..

Chicomani

1. someone that thinks their cool but their not look at that chicomani he thinks he can get all the girls..

Zapatos

1. Zapatos is another word for shoes. Ahhhh I got shit on my zapatos. 2. Spanish word for "shoes" If you grew up with holes i..

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Nequity Edit Meaning