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In law, 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". [1]
Transactions involving deeds of trust are normally structured, at least in theory, so that the lender/beneficiary gives the borrower/trustor the money to buy the property; the borrower/trustor tenders the money to the seller; the seller executes a grant deed giving the property to the borrower/trustor; and the borrower/trustor immediately executes a deed of trust giving the property to the ...
Watch out for phony real estate listings in your home search The FBI reports over 9,500 people were victims of real estate fraud in 2023 — amounting to more than $145 million in losses.
The property was at one time owned by Ulysses S. Grant and prior to that, by the Dent family. Since 1903 it has been owned by the Busch family, who previously owned the Anheuser-Busch Brewing Company until it was sold to InBev in 2008. Originally a private deer park for the Busch Family, Grant's Farm has been an animal reserve since 1954.
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To escape valuation under Code section 2702 (i.e., retained interest valued at zero), a PRT must comply with the following two primary requirements: (i) the trust may hold only one residence which must be used as the grantor's personal residence during the term of the trust; and (ii) the trust may not allow the sale of the residence during the term of the trust.