What does equity have to do with foreclosure?

Equity plays a major role in whether foreclosure is even the likely outcome for a struggling homeowner, since someone with substantial equity usually has the option to sell the home and pay off the mortgage rather than lose it entirely. A homeowner with little or no equity has fewer options and may end up facing foreclosure because a sale wouldn't cover what's owed. Brian Beatty can walk a homeowner through whether their equity position makes a fast sale a realistic alternative to foreclosure.