The Difference Between the Market Value of a Home and the Sum

question 77

Essay

The difference between the market value of a home and the sum of all mortgages and liens against it is called the owner's _________________ . What is ignored in this calculation is the impact of ________________ on the owner's true economic interest in the property.​

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Definitions:

Holder

A party in possession of a negotiable instrument.

Bearer

An individual in possession of a negotiable instrument or security that is payable to whomever holds the document.

Holder in Due Course

A legal term referring to a party that has acquired a negotiable instrument in good faith and for value, with certain protections against previous claims.

Good Faith

An implied promise to act honestly and not take unfair advantage in transactions.