Score A Steal: Foreclosure Homes With Unbelievable Equity - Jhu Innovations
Webhere's an example scenario to help paint a clearer picture of what happens to your home equity in foreclosure. Say you purchase a house for $300,000 with a 20% down payment, or $60,000. Assuming there are no other liens or mortgages against your property, you initially have $60,000 in home equity.
