Hey all;I was driving for dollars today and i noticed what seem to be a distressed property. i took down the address and went to my county's tax assessor's office website to see if its an absentee owner. it turns out that the owner had the same address. i thought it was a bit odd so i took the owner's name and did a public index search.I found the owner's name, the address and a master in equity judge.it was titled Bank of so and so as Trustee VS home owner.There is a lot of information on here that i do not but wish i understood.i have so many questions.What does it mean? 

By purchasing the property at half price, you already have $50,000 in equity in the property, making a loan from a bank much easier for the remaining $50,000 purchase price.

. $100,000 in equity at a return rate of 3.375% is $281 per month.

My truck was paid off so I pulled 4k out in equity and paid it back in a 6 month loan. 

short sale for 295k.. .leaving 5k in equity which will get chewed up in transaction costs an still be negativeand you want to know if you can get someone to lend your seller or you 120k..

Also, if I don't do a cash out refinance and it even appraises for only $275k wouldn't I have about $50k in equity or ~20%?

She has over $100,000 in equity.

Because you have to count the $3 million you have in equity.

We'll have to refinance in 5 years with traditional financing but in the meantime it cash flows well and we have built in equity.  

I have about $185k in equity in my current residence.