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    Question home equity?

    If you owe more on your house then its worth do you have any equity?

    #2
    No. On my house, I have about 20 or 25k in equity but If I went to sell it real estate fee's and closing costs would eat most of that up. But If asked the question do I have equity in my house the answer would be Yes.

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      #3
      Hi amytromp,

      Equity is the value of the home less any liens. Since you owe more than the value, you do not have any equity.

      SG

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