This concludes Chapter 8. Below is a brief summary which you can review before you take your chapter quiz.
The deed is NOT the title, but it IS evidence of the title.
Alienation is another term for "transfer or convey."
The Grantor is the seller or the giver of the real estate. The Grantee is commonly known as the "Purchaser/or Receiver."
The basic deeds in real estate are:
Requirements necessary for a deed to be considered VALID:
Parol Evidence Rule: oral agreements made prior to entering into a written contract may not be used in court to dispute provision expressed in the contract.
Statute of Frauds: A state law that requires certain contracts to be in writing and signed by the party to be charged to the agreement in order to be legally enforceable in a court of law.
Principal of Laches: used to bar a claim asserted after the passing of a statutory period of time.
Deed does not need to be recorded to be valid.
If an easement is not recorded, it is valid.
Recording the Deed establishes priority and provides constructive record. Needs to be notarized (attestation).
Constructive Notice: information that can be obtained from the public records at the courthouse.
Actual Notice is that which is legally known, but not recorded.
Caveat Emptor - Let the "buyer beware."
Types of deed: Grant, Sheriff's, The Gift, Tax, Land and Trustee's Deed.
Equitable title: the trustor can do with the property whatever the trustor pleases so long as the trustor does not jeopardize the interest of the lender (beneficiary).
In order to be accepted by the county recorder, a deed MUST contain all of the following:
In California, the general rule states that “The first to record is the first in right”.
Basic methods of deed delivery:
The delivery and acceptance of the deed convey title.
No. | Subject | Date | Views |
---|---|---|---|
Notice | 부동산 용어사전 | 2019.04.15 | 2372 |
Notice | 부동산 용어 (A to Z) | 2019.03.03 | 1601 |
111 | TEST 18 | 2019.03.23 | 630 |
110 | Chapter 18 Conclusion | 2019.03.23 | 209 |
109 | TEST 17 | 2019.03.23 | 257 |
108 | Hudson Yards | 2019.03.16 | 106 |
107 | TEST 17 | 2019.03.10 | 237 |
106 | Chapter 17 Conclusion | 2019.03.10 | 146 |
105 | TEST 16 | 2019.03.10 | 175 |
104 | TEST 15 | 2019.03.07 | 130 |
103 | Chapter 15 Conclusion | 2019.03.07 | 448 |
102 | TEST 14 | 2019.03.07 | 116 |
101 | Chapter 14 Conclusion | 2019.03.07 | 131 |
100 | TEST 13 | 2019.03.07 | 165 |
99 | Chapter 13 Conclusion | 2019.03.07 | 108 |
98 | TEST 12 | 2019.03.06 | 353 |
97 | TEST 11 | 2019.03.06 | 159 |
96 | CHAPTER 11 | 2019.03.06 | 135 |
95 | TEST 10 | 2019.03.05 | 235 |
94 | Chapter 10 | 2019.03.05 | 252 |
93 | SUMMARY 9 | 2019.03.05 | 78 |
92 | TEST 9 | 2019.03.05 | 184 |
91 | Chapter 8 Quiz | 2019.03.04 | 144 |
» | Chapter 8 Conclusion | 2019.03.04 | 272 |
89 | DEED | 2019.03.04 | 94 |
88 | warranty deed 여섯 가지의 covenant | 2019.03.04 | 96 |
87 | Chapter 7 (TEST) | 2019.03.04 | 153 |
86 | Chapter 6 Quiz | 2019.03.04 | 441 |
85 | TEST 5 - Correction | 2019.03.02 | 258 |
84 | Chapter 5 Conclusion | 2019.03.02 | 103 |
83 | Condominium Ownership and Time Shares | 2019.03.02 | 96 |