It must be remembered that blue eye color is a recessive gene, which has almost all dog breeds. Therefore, any breed of dog can be born with blue eyes in spite of its breed and coat color. Even if the puppy's parents do not have blue eyes, a puppy can have it.
A deed in lieu of foreclosure is the act of giving a property back to the lender without foreclosure. Basically, you sign title(ownership) over to the bank, and no longer own the home.
In other words, fee simple is the deed, and equitable title is the right to obtain the deed in court.   Other Perspectives: If the town takes your property for failure to pay your property taxes you have an equitable interest until your rights of redemption have been barred by a court decree.