Equitable Interest: Purchasers by contract to purchase agreements, land contracts, and lease agreements acquire interest less than fee simple in nature.
They convey their Unrestricted power to sell the real estate And re-acquire the right once they pay in full their mortgage obligations. This is the type of interest that Purchasers convey to their Lending Institutions.
Absolute Fee Simple Interest: This is the unrestricted power to sell the real estate.Here are the following general types of Fee Simple Interest:
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