Hello, I’m looking for advice from the experts in this group about purchasing an equitable interest property. The property is listed as such and it was explained to me that we’d write an offer that somehow reference the wholesalers interest, but we’d end up with a full title and have ownership of the property when all I said and done. Searches online make me question if it’s that simple and I worry about legal claims coming up after the fact. Does anyone with experience in this type of purchase have any suggestions for how to approach, what questions I should be asking, how an offer should be written, etc? My fear (after reading Google so take that for what’s it worth) is that we’d think we are buying the property and the current owner would come back and somehow make a claim to the property. The realtor claims that isn’t how this works, but obviously has an interest in the deal closing. Thanks!
