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Real estate is almost always a good investment because it has a tendency to appreciate in value over time, meaning you can earn equity pretty quickly. When the market is hot, your equity can ...
The precise nature of the interests and rights of the beneficiary under a trust is contested. Ben McFarlane states that there are three principal theses about the nature of equitable rights: [3] Equitable interest is a right against a right, rather than right against a thing or right against a person.
In economics, home equity is sometimes called real property value. [1] Home equity is not liquid. Home equity management refers to the process of using equity extraction via loans, at favorable, and often tax-favored, interest rates, to invest otherwise illiquid equity in a target that offers higher returns. Homeowners acquire equity in their ...
Traditionally, equity would only grant specific performance with respect to contracts involving chattels where the goods were unique in character, such as art, heirlooms, and the like. The rationale behind this was that with goods being fungible , the aggrieved party had an adequate remedy in damages for the other party's non-performance.
Using your HELOC or home equity loan to finance a real estate investment means that you’ll be putting your primary residence on the line if you’re unable to repay that loan. “If the ...
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An equitable right is a legal right guaranteed by equity as opposed to a legal right which derives authority from a legal source. An example of an equitable right could be seen in Land law, where mention is made of a beneficial interest i.e. vested interests in an estate which are protected by equity.
In most jurisdictions, the real property interest created by the contract will pass to the buyer's heirs, while the seller's personal property interest created by the contract will pass to the seller's estate. The State of New York does not recognize equitable conversion. In New York, as long as the buyer is without fault, the risk of loss ...