Can you earn equity from purchasing a foreclosed ... - Zillow Real ...

I am trying to understand how the concept of home equity applies to distressed properties. For example, if a home is valued at $100,000, but has been foreclosed and is now being offered at $60,000, will you have $40,000 in home equity after the purchase?

Lastly, let's say after you purchase the foreclosed property, you invest $30,000 into the place and the house now appraises for $120,000. Will you have $60,000 in home equity since you originally bought the place for $60,000? This oversimplified, but I hope you all can get what I'm asking.

Source: http://www.zillow.com/advice-thread/Can-you-earn-equity-from-purchasing-a-foreclosed-home/468006/

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