How much home equity do we have if the home we purchased was in foreclosure.?

Credit and mortgage advice Forums Home Insurance How much home equity do we have if the home we purchased was in foreclosure.?

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      Anonymous
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      I know this sounds crazy but im having trouble understand home equity when it comes to a foreclosure. We purchased a home about 4 years ago that was in foreclosure for about 50k more than the original price at the time that the home was first built. Is the home equity just based on the current market value minus what we have paid for the previous 4 years or does the home equity date back to when the home was first purchased by the previous owners? Thanks.



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