Property Ownership
Equitable title in real estate refers to:
AThe full legal ownership of property
BThe buyer's interest in property under a contract before the deed is delivered✓ Correct
CTitle that has been fairly distributed among co-owners
DTitle with no encumbrances
Explanation
Equitable title is the buyer's beneficial interest in property after a purchase contract is signed but before the deed is delivered at closing. Legal title remains with the seller until closing.
Related Alabama Property Ownership Questions
- A lien that is specific to a particular piece of real estate is called a:
- If an Alabama property owner dies without a will and without heirs, the property passes to:
- Personal property that becomes permanently attached to real property is called:
- A homestead exemption in Alabama primarily:
- Which of the following is an encumbrance on Alabama real property?
- In Alabama, which form of co-ownership is available exclusively to married couples and features the right of survivorship?
- Severalty ownership means the property is owned by:
- In Alabama, which form of co-ownership includes the right of survivorship?
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