Stringham - Deeds & Transfer (1) Latest 2024/2025 Updated Questions and Answers Guaranteed 100% Success.
7 views 0 purchase
Course
Stringham - Deeds & Transfer
Institution
Stringham - Deeds & Transfer
Establish the Validity of a deed: acknowledgment - (Notarized/witnessed) does not have to be
recorded; signature of the grantor is being notarized
Elements of a deed: delivery: 3 ways - 1. Actual delivery
2. Constructive (recorded)
3. 3rd party (hold in escrow or trust)
Elements of a deed: con...
Stringham - Deeds & Transfer (1)
Establish the Validity of a deed: acknowledgment - (Notarized/witnessed) does not have to be
recorded; signature of the grantor is being notarized
Elements of a deed: delivery: 3 ways - 1. Actual delivery
2. Constructive (recorded)
3. 3rd party (hold in escrow or trust)
Elements of a deed: consideration - Amount paid is usually hidden by "ten dollars and other good
and valuable consideration"
Elements of a deed: signature - Signature of only the grantor(seller/owner) of the property
Elements of a deed: description - Legal description that separates it from everything else (NOT
address)
Title - Form of how we own something
Alienation of Title - Transfer ownership (voluntary or involuntary); selling the property
Deed - Actual instrument that shows that we own something
Title - Form of how we own something
Essential elements of a deed - 1. Intent
2. Signature
3. Granting Clause
4. Name of the parties
5. Description
6. Consideration
, 7. Written
8. Delivery
Elements of a deed: intent - Grantor must intend to give ownership to someone else
Elements of a deed: granting clause - "I transfer", "I grant", "I convey"
Elements of a deed: name of the parties - BOTH grantor and grantee
Elements of a deed: written - Must be done in writing
Elements of a deed: delivery - Must be delivered to the grantee via 3 ways
Establish the Validity of a deed - 1. Recording
2. Acknowledgment
3. Date
4. Habendum Clause
Establish the Validity of a deed: habendum clause - "To have and to hold Clause", "subject to",
"exceptions and reservations"; keeping or reserving certain rights for ourself as the grantor
Establish the Validity of a deed: recording - Not legally required, it fasted and safest form of
delivery; highly recommended
Establish the Validity of a deed: date - Does not need to be valid, but important and should be
done
Types of deeds - 1. Quit claim deed
2. Bargain & sale deed
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICMATERIALS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.39. You're not tied to anything after your purchase.
