Property Ownership
Under Mississippi law, an 'equitable title' holder (such as a buyer under a valid purchase contract who has not yet closed) has what type of interest in the property?
ANo legal interest until the deed is recorded
BAn enforceable right to receive the deed upon performance of their contractual obligations — a recognized property interest✓ Correct
COnly a personal contract right, not a property right
DAn interest equal to fee simple ownership
Explanation
In Mississippi and most jurisdictions, once a valid purchase contract is signed, the buyer acquires equitable title — a recognized property interest and enforceable right to receive the deed upon closing. The seller retains legal (bare) title until closing. Equitable title is the basis for specific performance actions.
Related Mississippi Property Ownership Questions
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