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Old 04-05-2012, 06:12 PM   #15
Veronnisa

Join Date
Oct 2005
Posts
342
Senior Member
Default
Thank you Palani. Using FRNs or credit makes you an agent not a principal. So now I am struggling with the distinction between an equitable owner and a legal owner. I have no mortgage on my house. I paid off my mortgage years ago. Does that make me a legal owner, or am I just an equitable owner? Or did I graduate from an equitable owner to a legal owner when I paid off the lenders? I am suspicious that in the eyes of the law, I own nothing because they deem me to be a slave. However, that word will never be used in any of their verbal machinations.


Hatha
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