“Equity” means the fair market value of the interest of the judgment debtor in property, or in the case of community property the fair market value of the interest of the judgment debtor and the spouse of the judgment debtor in the property, over and above all liens and encumbrances on the interest superior to the judgment creditor’s lien.
Cal. Civ. Proc. Code § 680.190
Short Title and Definitions
Known as the Enforcement of Judgments Law
The act spans §§ 680–724 (467 sections).
Added by Stats. 1982, Ch. 1364, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.