equitable title definition
0ccd25e0f0f66f08db7c9b310a9b9b1f
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.
dc1ca7db22db8fd4fb2ccdc7b98d1bde
- Marketable Title: Is a implied warranty in the land sale contract that says the the title to property is not subject to a claim or defect that would present a substantial probability of litigation and buyer is receiving property free from reasonable doubt.
a5b48851a08381a5151a56251bba0ebb
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.
4e67b06f1da7bfbccfe18073f81b047d
- 1 Title-Legal ownership as evidenced by a deed or other instrument. 2  To wit-That is to say. 3  Tract-A piece of land. 4  A parcel. 5  Trespass-In common law, a suit to recover damages directly made to one's person, property, or rights. 6  Trespass on the case-Similar to trespass, but for damages suffered indirectly.
99a86897faa5f0c608c43ed452eca143
What are Equitable Remedies? Equitable remedies were and still are about what is fair and right. A legal remedy, for example, would be damages for a breach of contract. Under the law, a person who is party to a contract can recover damages if the other person breaches.
312f71041d7504b0e911e4ba6e7694b5
What is EQUITABLE LIEN? Did you find this definition of EQUITABLE LIEN helpful? You can share it by copying the code below and adding it to your blog or web page. <a href=http://thelawdictionary.org/equitable-lien/ title=EQUITABLE LIEN>EQUITABLE LIEN</a>.
60a922eb020c53218827d9a1e6eb3b60
- Equitable owner: read the definition of Equitable owner and 8,000+ other financial and investing terms in the NASDAQ.com Financial Glossary. Hot Topics: ETFs | Smart Portfolio | Currencies | Online Broker Center
dba7adbdf4a158816def964266e8d46f
- Although the doctrines of equitable restrictions and. covenants running with the land serve kindred purposes, the latter are subject to limitations unknown to equitable. easements, and the distinguishing characteristics are im-. portant to keep before us. The cornerstone case regarding.
7195d71455a11460eb6a0813a1c84c9d
- A marketable title is one that contains no defects that would inhibit the transfer or sale of the property. PhotoObjects.net/PhotoObjects.net/Getty Images. When you purchase a home or other piece of real property, the title – or ownership rights – to that property are transferred to you from the seller.
9205888b9ddbbee4b5166e6440d6e5db
Definition of 'equitable' Definition of 'equitable'. 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 that gives Hughes his proper due. We believe you can redistribute this money in a way that's equitable to take care of the poor of the inner city. Synonyms: even-handed, just, right, fair More Synonyms of equitable
bd7d53926c1f9e798d62af218359350d
Definition of 'equitable' Something that is equitable is fair and reasonable in a way that gives equal treatment to everyone. 1  He has urged them to come to an equitable compromise that gives Hughes his proper due. 2  We believe you can redistribute this money in a way that's equitable to take care of the poor of the inner city. Synonyms: even-handed, just, right, fair More Synonyms of equitable equitably adverb [ADVERB after verb, ADVERB-ed]
652fd614c04ef971ddbcef481c29a6f2
- The older view in California was that the purchaser at a judical sale. received equitable title, while the legal title remained in the mortgagor. during the period of redemption.' The sheriff's deed, which was received. after the period of redemption had run, conveyed the legal title.
3278b8f51b1395f6979bcba02d819bcd
equity Definition of equity. plural. equities. 1a : justice according to natural law or right; specifically : freedom from bias or favoritismb : something that is equitable.
e63d4e48e856379687219f6056a92cba
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.
bbd404708b1f877eb075b83b623f1bcf
- A: Title insurance is an indemnity contract between you (or your lender) and a title insurer for past defects in a chain of title.ore simply, title insurance is an agreement that should a problem arise in the ownership records of your property, your insurer will fix the problem, defend you against it, or compensate you for any losses. Over the years, a home, and the land it stands on, may go through several ownership changes.
7ff92e9ef2045b5244ceb9b8a87e5040
Discretionary nature of equity Enforcement against third parties. A major difference between legal and equitable rights used to be found in the rules governing the enforceability of those rights against a third party, for example, against the purchaser of the estate which is subject to the rights.
2cc99ab530acec65308b356a855752d2
The Role of Title Insurance in Commercial Real Estate Transactions Title is the right to, or ownership of, a specific real estate property. A title report lists all parties with a legal claim to the property, what items need to be cleared from title before the new buyer can take possession, and if there are any easements or encroachments on the property.
721cb6a1940363bf81e5f0027a8fbb61
equitable title equitable title. equitable title. (1) The interest held by one who has agreed to purchase property but has not yet closed. (2) The title held by a trust beneficiary, because the trustee has legal title but the law recognizes the beneficiary as having rights.See also equitable conversion.
72ab74969fea5d9a644fb0ffb4d9fdc4
- In other words, fee simple is the deed, and equitable title is the right to obtain the deed in court.   Other Perspectives: If the town takes your property for failure to pay your property taxes you have an equitable interest until your rights of redemption have been barred by a court decree.
5a8b13e79c2d30e5381846ad57a8f18f
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
214f73803f846187295020daf3a013fe
IT law A Sectional Title scheme (usually referred to as a scheme), provides for separate ownership of a property by individuals.These schemes fall under the control of the Sectional Titles act, no 95 of 1986, which came into force on 1 June 1988. Thisact replaced and earlier act (no 66 of 1971).
d6f3ba8961eb28147193457be194ceba
ELECTRONIC TITLES Florida currently has two electronic title designations: The electronic title or e-title is when the Florida title is held in an electronic format instead of paper. The electronic lien title or ELT is when an e-title has an active electronic lien on file with the state.
ccb073e08f145eb3894a36168f22b1f2
Created when all formalities required by legislation A (the trustee) holds the legal estate; B (the beneficiary) holds the equitable estate A is regarded as the owner of the land under common law. Equity will recognise the interest of B and will enforce B ’ s rights.  The Equitable Fee Simple o Once a purchaser signs the contract for the sale of land, the purchaser holds an equitable fee simple in the land  Signing a contract for the sale of land creates a trust relationship between the vendor and the purchaser.
15d0f851bd5e3962bc7e5ecc6d331fc8
- Information Provided by: Anju D. Jessani, Mediator. The recent Connecticut case of Wendt v. Wendt raised the question of what does equitable mean? You may recall that Lorna Wendt was awarded a settlement worth approximately $20 million from a family fortune worth at least $100 million.
60bff9d539544473e19d6052b5ebd7ff
Glossary of Insurance Terms Title Insurance - coverage that guarantees the validity of a title to real and personal property.
fda89c09b9e2a56fff897d2144f48d04
- The state's high court explained that [b]ecause equitable distribution is premised on the theory of an equal partnership in marriage, the court should begin this task on the premise that each spouse is entitled to receive an equal division.. Robertson v. Robertson, 593 So. 2d 491, 493 (Fla.