Equity in Real Estate
The notion of equity with respect to real estate comes the equity of redemption. This equity is a property right valued at the difference between the market price of the property and the amount of any mortgage or other encumbrance.
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Famous quotes containing the words equity, real and/or estate:
“If equity and human natural reason were allowed there would be no law, there would be no lawyers.”
—Christina Stead (1902–1983)
“One forgets too easily the difference between a man and his image, and that there is none between the sound of his voice on the screen and in real life.”
—Robert Bresson (b. 1907)
“I ‘gin to be aweary of the sun,
And wish th’ estate o’ the world were now undone.”
—William Shakespeare (1564–1616)