Your Equity And Foreclosure

Your Equity And Foreclosure

If you are facing Foreclosure and have equity in your home, that equity is yours. Even if you are facing foreclosure.

However... The equity you have can be reduced even before the foreclosure starts. Things that may reduce your equity are fees and penalties. Fees and penalties can include: Missed payments, payment processing fees, foreclosure proceeding costs, and selling costs. This is not an all inclusive list.

Image title

  • What Is Equity?

  • The difference between your home's current market value and the remaining balance you owe on it; is Equity.

  • Example: $150,000 (Market Value) - $125,000 (Remaining Loan Balance) = $25,000 (Equity)

Check out this video explainer from Lance Moher of Moher Realty Group (Florida)

DISCLAIMER: This article is not intended to provide legal advice. I am not a licensed Real Estate Attorney. If you or someone you know is facing Foreclosure and have questions; It is advised that you consult with a Licensed attorney who specializes in Foreclosure. 

Avoid Foreclosure - HUD.GOV

Ashley Batiste, Agent-Owner/ Realtor | EXP Realty, LLC | PH: 251-3085445 | EM: [email protected]

Considering Selling Your Home? Call --> 251-308-5445!

Ashley Batiste Headshot
Phone: 251-308-5445
Dated: January 24th 2018
Views: 74
About Ashley: Mobile, Alabama native. Worked as a civilian contractor with the Army Recruiting command in Mobile, ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Your Equity And Foreclosure - If you are facing Foreclosure and
Dec 15 2017 34182 1 - Hello potential home buyers. I
Finance Your Fixer Upper With The FHA 203k Rehabilitation Mortgage - A FHA 203(k) Rehabilitation
The Buying Process 101 For First Time Home Buyers - A Lot of emotions are associated

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Brent Beavers

Athens, AL