Downloaded the Nolo book this afternoon... am I understanding this correctly that the house I am buying on contract would fall under this:
• Beneficial ownership under a real estate contract. This
is the right to own property by virtue of having
signed a binding real estate contract. Even though
the buyer doesn’t yet own the property, the buyer
does have a “beneficial interest”—that is, the
right to own the property once the formalities are
completed. For example, property buyers have a
beneficial ownership interest in property while
the escrow is pending.
This is Schedule A
Also would you list my BF who is on the contract in the paperwork somewhere?
• Beneficial ownership under a real estate contract. This
is the right to own property by virtue of having
signed a binding real estate contract. Even though
the buyer doesn’t yet own the property, the buyer
does have a “beneficial interest”—that is, the
right to own the property once the formalities are
completed. For example, property buyers have a
beneficial ownership interest in property while
the escrow is pending.
This is Schedule A
Also would you list my BF who is on the contract in the paperwork somewhere?
