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[Music] [Music] hi welcome back hopefully welcome back if this is your first time here i suggest you go back to unit 1 of 19 so that you can follow along in the right sequence we are now going to be covering unit 9. in unit 9 we cover titles deeds and ownership restrictions fun fun all right so legal title is ownership of our freehold estate all right legal title is ownership of a free hold estate there are two types of freehold estates fee simplicity and life estates all right fee simple estates and life estates equitable title implies that an individual will receive a legal title out of you today all right equitable an equitable title implies that an individual will receive a legal title at a future date for example when a buyer and a seller execute a sale contract the buyer receives equitable title to the property the buyer receives legal title at the title closing all right you get little legal title at closing during the transaction its equivalent out of future date all right al