REE-3043 Chapter Notes - Chapter 3: Boundary Marker, Title Search, Title Insurance
31 Jan 2017
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Reasons for complexity in conveying real estate: real property is a complex bundle of rights, rights to land are enduring, land is a continuous surface. Requirements of a deed: grantor and grantee, recital of consideration, words of conveyance, covenants, habendum clause, exceptions and reservations clause, description of land, acknowledgment, delivery. Types of deeds: general warranty deed, special warranty deed, deed of bargain and sale, quitclaim deed. Ways title can transfer: voluntary conveyance by deed. Involuntary conveyance by deed: voluntary conveyances without a deed (easements only) Public records, notice and real property conveyance: doctrine of constructive notice, statue of frauds, recording statues, actual notice. Methods of land description: metes and bounds, subdivision plat lot and block number, government rectangular survey. Key terms: growth in size by addition or accumulation of soil to land by gradual, natural deposits. Acknowledgement: confirmation that a deed reflects the intention and action of the grantor. Acre: measure of land area (43,560 sq. ft. )
