Does equity in a house include the debt of a home equity loan? 4 Answers as of November 13, 2013

My children are threatening to sue for the equity in my house.

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James T. Weiner & Associates, P.C.
James T. Weiner & Associates, P.C. | James T. Weiner
No, the equity is the value after all loans collateralized by the house.
Answer Applies to: Michigan
Replied: 11/13/2013
Mark S Cherry, Attorney at Law, PC
Mark S Cherry, Attorney at Law, PC | Mark Cherry
The equity would include all liens and judgments.
Answer Applies to: New Jersey
Replied: 11/13/2013
The Law Office of Darren Aronow, PC
The Law Office of Darren Aronow, PC | Darren Aronow
Equity is the value left after you deduct the liens from that value (liens include mortgages, home equity loans, judgments, etc).
Answer Applies to: New York
Replied: 11/13/2013
Law Office of Richard Winkler | Richard Winkler
Equity is the value of the home, less all outstanding monetary obligation, inclusive of all advances under a home equity loan.
Answer Applies to: Rhode Island
Replied: 11/11/2013
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