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What does equitabile title mean for a buyer?

  1. Full ownership of the property

  2. Right to modify the property

  3. Interest in the property

  4. Legal ownership until closing

The correct answer is: Interest in the property

Equitable title means having an interest in a property or the right to use and possess it. This does not necessarily mean full ownership, which is what option A implies. Option B is incorrect because equitabile title does not give the buyer the right to modify the property, only to use and possess it. Option D is also incorrect because equitable title does not grant legal ownership, only a legal interest in the property.