Jun 18 • General Discussion
Educate me
I came across this on a property im interested in and not sure what it means completely. can someone explain this to me please:
"This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title."
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Educate me
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