Equity Lock says they provide homeowners peace of mind that in a declining real estate market their home equity will be protected by providing a Home price protection warranty on your home.
What a concept! Too late for many Las Vegas homeowners.
Their website says:
You purchase an EquityLock Home Price ProtectionTM contract that refers to a local index of housing values. If the index has dropped by the time you sell the house, we pay you the percentage of the index drop multiplied by the value of your home at the time you bought the Home Price ProtectionTM contract.
The transaction is structured as a contract, and not as an insurance policy; therefore the payment is made if the market index falls, regardless of whether you sell the home for more or less than you paid for it.Equity Lock
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Dawn Barrier at HOMESMART ENCORE Las Vegas, Nevada
Las Vegas, Nevada
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HOMESMART ENCORE Las Vegas Dawn Barrier