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

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Q.v.

1. The abbreviation q.v. is short for the Latin quod vide, meaning "which see". It is useful when making cross-references, direc..

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Nequity Edit Meaning