equitable title definition real estate
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Equitable Title Law and Legal Definition Equitable Title Law and Legal Definition. Equitable title is the beneficial interest of a person whom equity regards as the real owner but the legal right vests with another. For example, a purchaser under a contract for sale has equitable title to the property s/he intended to purchase. In the case of the vendee, the equitable title vests at once, although the bare legal title remains in the vendor as security for the payment of the purchase price.
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Definition of 'equitable' Something that is equitable is fair and reasonable in a way that gives equal treatment to everyone. He has urged them to come to an equitable compromise. American English: equitable
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Quiet title Quiet Title An action to quiet title is a lawsuit brought in a court having jurisdiction over land disputes, in order to establish a party's title to real property against anyone and everyone, and thus quiet any challenges or claims to the title. It comprises a complaint that the ownership (title) of a parcel of land or other real property is defective in some fashion, typically where title to the property is ambiguous. A typical ground for complaint includes the fraudulent conveyance of a property,
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Title insurance Title insurance is a form of indemnity insurance predominantly found in the United States which insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans. The vast majority of title insurance policies are written on land within the United States.
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- Real property is a term commonly used in land law to denote any fixed property that is attached to land, the land itself and the associated rights. Real property is a term commonly used in land law to denote any fixed property that is attached to land, the land itself and the associated rights.
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Derivatives, Their Risks and Their Rewards The right to buy is a call option, and the right to sell a stock is a put option. Four Risks of Derivatives. Derivatives have four large risks. The most dangerous is that it's nearly impossible to know any derivative's real value. That's because it's based on the value of one or more underlying asset. Their complexity makes them difficult to price.
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Quick  LaunchFAQ'sABOUT USBILLING - PAYMENTSCLIENT COMMENTSCONTINUING EDUCATIONASSOCIATESHUMAN RESOURCESOPPORTUNITIESCONTACT  US TODAY! (See “On-Line Documents” for the application.) The owner must have title (deed or will) or have an equity interest (recorded Contract of Sale/Bond for Title) and the property must be occupied by the owner as his legal residence.
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Title (property) In property law, a title is a bundle of rights in a piece of property in which a party may own either a legal interest or equitable interest.The rights in the bundle may be separated and held by different parties. It may also refer to a formal document, such as a deed, that serves as evidence of ownership.n property law, a title is a bundle of rights in a piece of property in which a party may own either a legal interest or equitable interest.
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The Role of Title Insurance in Commercial Real Estate Transactions Title insurance is one of the key pieces of any commercial real estate transaction. Without it, buyers and sellers would most likely find the risks of buying and selling property to be too high. Title insurance has been around in one form or another in the United States since 1874.
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Real property Real property. In English common law, real property, real estate, realty, or immovable property is land which is the property of some person and all structures (also called improvements or fixtures) integrated with or affixed to the land, including crops, buildings, machinery, wells, dams, ponds, mines, canals, and roads, among other things.
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Title insurance Title insurance is a form of indemnity insurance predominantly found in the United States which insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans.t is meant to protect an owner's or a lender's financial interest in real property against loss due to title defects, liens or other matters. It will defend against a lawsuit attacking the title, or reimburse the insured for the actual monetary loss incurred, up to the dollar amount of insurance provided by the policy.
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title deed title deed. Legal document (instrument) executed and acknowledged under the seal and in the presence of a notary, evidencing the right of ownership to a property described therein.
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Legal Title Legal Title. Ownership of property that is cognizable or enforceable in a court of law, or one that is complete and perfect in terms of the apparent right of ownership and possession, but that, unlike equitable title, carries no beneficial interest in the property. See: droit, right, title.
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Whatâs the Difference Between Legal Title and Equitable Title? Equitable Title vs. Legal Title: Differences and Similarities. The main difference between an equitable title vs. a legal title is that the latter is the only one that gives actual ownership of the property. There are many smaller, more intricate differences that can vary on a case-by-case basis.
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LG GW-L207FLQK SERVICE MANUAL AND REPAIR GUIDE pronoun in Culture Expand. A word that takes the place of a noun. She, herself, it, and this are examples of pronouns. If we substituted pronouns for the nouns in the sentence “Please give the present to Karen,” it would read “Please give it to her.”.
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- In real estate, both title and deed refer to the ownership of real estate or the interest a party might have in the property. A deed is a specific type of document, while title is a concept regarding ownership of land.
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How to Write a Legal Description of Property Real property is defined as being any property attached to or affixed to the land. Land itself will also fall under this classification. The goal of a legal description of property is to provide a means of identifying a property in such a way that it is able to be completely identified by using the legal description provided.
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What is 'Quiet Title' Quiet Title. Share. DEFINITION of 'Quiet Title'. A lawsuit filed to establish ownership of real estate when ownership is in question. Real estate owners want to ensure that they have a clear title, meaning that there are no liens or levies against the title and no disputes over the property's ownership.
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Download Forms A real estate deed is a legal document used to convey real property or an interest in real property from a grantor to a grantee. A real estate deed is an important document in that it affects ownership rights and interest.
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marketable title Marketable Title. Ownership and possession of real property that is readily transferable since it is free from valid claims by outside parties. The concept of marketability of title refers to ownership of real estate. Under law, titles are evidence of ownership.
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Fee simple In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership. It is a way that real estate may be owned in common law countries, and is the highest possible ownership interest that can be held in real property.
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Title Examination Law and Legal Definition To avoid a defective title problem, a purchaser will often research the chain of title. Chain of title refers to the history of passing of title ownership to real property from the present owner back to the original owner. A record of title documents may be maintained by a registry office or civil law notary.
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What is EQUITABLE LIEN? What is EQUITABLE LIEN? Court-enforced claim on goods or property, even if the lien-owner does not have possession of the goods or property. An example is a vendor's lien, enforceable on all buyers given notice of the claimed lien. Refer to possessory lien.
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Equitable interest Equitable interest - Equity. 1  Equity is a concept of rights distinct from legal (that is, common law) rights; it is (or, at least, it originated as) the body of principles constituting what is fair and right (natural law). [2] 2  Perhaps the most common example of an equitable interest is the interest of a beneficiary under a trust.
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Mortgage Terminology The use of escrow funds to pay real estate taxes, hazard insurance, mortgage insurance, and other property expenses as they become due. estate The ownership interest of an individual in real property. The sum total of all the real property and personal property owned by an individual at time of death. eviction The lawful expulsion of an occupant from real property. examination of title The report on the title of a property from the public records or an abstract of the title.
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- What does equitable mean? No, this is a common misconception. Equitable means fair, not equal.. It may be more equitable, given the state of the marriage and the conditions of the spouses, for the majority of the property to go to the husband, instead of the wife, or vice versa.