Cash Out
Concept of Cash Out in the context of Real Property
A short definition of Cash Out: To take the entire amount of a seller’s equity in cash rather than to retain some interest in the property, such as a purchase money mortgage or deed of trust. Also loosely used when paying off anyone having an interest in property, thereby ending the interest.
Concept of Cash Out in the context of Real Property
A short definition of Cash Out: To take the entire amount of a seller’s equity in cash rather than to retain some interest in the property, such as a purchase money mortgage or deed of trust. Also loosely used when paying off anyone having an interest in property, thereby ending the interest.
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