Talk:Land contract

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De-obfusification and Clarification Needed Okay, I have an MSc in Physics and yet after reading this article I don't quite know what a Land Contract is. Perhaps an explanation that doesn't rely on the technical differences between "equitable title" and "legal title", neither of which anyone will know without referring to yet another page. The article claims that "equitable title" pretty much means "owner", but the fact that Dustin Diamond is loosing his house despite holding "equitable title" seems to indicate to me that it's not at all equivalent to the term "owner". IE: Explain what equitable title is instead of using the term, and explain what the consequences are. I'm *guessing* that Land Contract is effectively an agreement that you're the "owner", but you haven't paid for it yet and in fact you and the seller haven't even agreed on the terms of the sale, so technically your "ownership" could be reversed should you and the seller not come to an agreement in the future. Yes? No? Little help? 65.95.239.51 22:00, 8 July 2006 (UTC)