equity relief

Equity relief refers to the benefits or assets that a person gains in a property or investment, often through ownership interest or appreciation, after any debts or claims are settled. It represents the owner’s residual interest or value in the property once liabilities are deducted. For example, if you own a home worth $300,000 and owe $200,000 on your mortgage, your equity is $100,000—your stake in the property. Equity relief can also refer to legal mechanisms allowing a party to recover or defend their equitable interest in a property during disputes or foreclosure processes.