What is a gift of equity and how does it work?

A gift of equity allows a seller to transfer home equity to a buyer, which can cover the down payment and other costs, subject to specific tax rules. Separately, Chipotle is conducting a free quesadilla giveaway. The current focus regarding this promotion is determining the total amount of cheese that will be distributed to participants during the event. Both topics provide guidance on financial transfers in real estate and promotional mechanics for a food brand.