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2021-10-26
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2020-11-19
Convert On Title Contract Feature
The Convert On Title Contract feature streamlines the process of managing title contracts, making it easier for you to handle your transactions efficiently. With this feature, you can ensure a smooth transition from title to contract, saving you time and reducing errors in document handling.
Key Features
Automated conversion from title to contract
User-friendly interface for easy navigation
Secure storage for all documents
Real-time updates on contract status
Seamless integration with existing systems
Potential Use Cases and Benefits
Real estate professionals looking to close deals faster
Title companies aiming to enhance their service offering
Contract managers wanting to simplify document workflows
Businesses seeking to maintain accurate records effortlessly
This feature addresses common challenges in document handling by minimizing manual entry errors and speeding up the conversion process. By using Convert On Title Contract, you can focus more on your core activities, knowing that your contract management is in good hands.
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
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How do you get the equitable title?
The buyer is obligated to make payments on the property. The buyer obtains equitable title, while the seller retains legal title to the property until the payments are completed. After this, the buyer will obtain both equitable and legal title. Lastly, equitable title may be relevant in a regular real estate sale.
What is meant by beneficial or equitable ownership?
A beneficial interest in real property that gives the titleholder the right to acquire legal title to the property. Equitable titleholders cannot transfer legal title to real property, but they derive benefits from the property's appreciation in value.
What is the difference between legal and beneficial ownership?
A legal owner is essentially the 'official' or 'formal' owner of a property whereas a beneficial owner is the person with the right to enjoy or benefit from the property this can include the right to occupy or enjoy any income from the property. A person can be both a legal and beneficial owner which is very common.
What is an equitable title?
Equitable Title. Related Content. A beneficial interest in real property that gives the titleholder the right to acquire legal title to the property. Equitable titleholders cannot transfer legal title to real property, but they derive benefits from the property's appreciation in value.
Why is it important to distinguish legal and equitable interests?
While a legal title focuses on the duties of the property owner, equitable title refers to the enjoyment of the property. Equitable title is the benefits the buyer will get to use and enjoy when he or she becomes the legal owner.
What does equitable interest in real estate mean?
An equitable interest is an “interest held by virtue of an equitable title (a title that indicates a beneficial interest in property and that gives the holder the right to acquire formal legal title) or claimed on equitable grounds, such as the interest held by a trust beneficiary.” The equitable interest is a right in
What makes title unmarketable?
In real estate, a defective and unmarketable title means that there is a serious error, omission or other complication related to the ownership of the property (also known as a title defect or cloud on title) that makes it unsuitable for sale to a reasonable buyer.
What does unmarketable title mean?
In real estate, a defective and unmarketable title means that there is a serious error, omission or other complication related to the ownership of the property (also known as a title defect or cloud on title) that makes it unsuitable for sale to a reasonable buyer.
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