Perfect equity – within the area of Real Estate Law this phrase refers to an equitable ownership right, which is given to the buyer who has fulfilled in full their obligations to the seller (i.e. paid 100% of the purchase price). In some legal systems, where payment of the purchase price does not create ownership rights, the buyer has to perform court proceeding in order to get proper ownership.

Read more about eventual problems in Bulgarian real estate purchases: http://www.bulgariandeals.com/viewforum.php?f=6&sid=ed110282b84f5bf2670b567635bd50e8