What is Equitable Interest

[Charissa Bruckman]

Hello! I ran across a listening in the Triad MLS for North Carolina that stated the listing was an "Equitable Interest Listing". From what I looked up, it means that the owner doesn't actually have full ownership of the property. Is that correct? And if that's the case, how are they able to sell the property? What kind of legal issues / title issues would we be looking at if we moved forward with offering/purchasing this property? Thank you!