This home is great for a fixer upper with the eye for upgrades. A must see in person, contact your favorite agent to schedule a tour. ‘This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title.