Sentences with phrase «equitable title»

The buyer takes possession of the property and gains equitable title.

So in essence, you are buying a taxable equitable title, not genuine personal or private property.

And holding only equitable title is not ownership of the property.

You don't have proof of equitable title?

As the owner had paid the full purchase price for both the residential unit and the parking unit, the owner had obtained equitable title to the parking unit and the vendor became a constructive trustee for the benefit of the owner, who was the beneficial owner of the parking unit;

I can't really believe that any real estate commission would think that equitable title alone constitutes ownership of a parcel and the requirements to advertise is defined by ownership, from the UCC down to the lowest ordinance ownership means holding legal title, not just an equitable interest or economic interest.

Equitable title passes upon executing a sale contract, I've not seen many listings, property for sale by «Vendee» or «equitable title holder».

In all of the cases I've read about where a wholesaler has incurred a penalty (civil or criminal), there were clear violations that extended far beyond just marketing of a property (or assigning of a contract) where the marketer held equitable title in the property.

While the seller holds the title, the buyer receives the benefits of an equitable title.

An equitable title gives the buyer nearly the same privileges they would have as an owner unless other agreements are made.

During the period of repayment, the borrower keeps the actual or equitable title to the property and maintains full responsibility for the premises, unless expressly stated otherwise in the Deed of Trust.

«A trust is the relationship which arises whenever a person (called the trustee) is compelled in equity to hold property, whether real or personal, and whether by legal or equitable title, for the benefit of some persons (of whom he may be one, and who are termed beneficiaries) or for some object permitted by law, in such a way that the real benefit of the property accrues, not to the trustees, but to the beneficiaries or other objects of the trust.»

Section 1 (2) defines such an account as «a deposit account in which legal and equitable title to any money deposited is fully vested in the customer for whom the money is held».

Unless GA statues specifically state that advertising a property for sale while having equitable title is permitted, I'd have to disagree with J. Scott's attorney.

Can you provide any case law of situations where someone had equitable title and was penalized specifically for marketing the property or assigning the contract?