Definitions for "Gift of Equity"
Keywords:  equity, seller, down, buyer, below
MP] A sale price below market value, where the difference is a gift from the seller to the buyers.
This is a down payment that is gifted to the buyer(s) from the seller(s)based on the property's equity.
A sale price below market value, where the difference is a gift from the sellers to the buyers. Such gifts are usually between family members. Lenders will usually allow the gift to count as down payment.