Title

Question 1

Title

Answer 1

Obtaining legal title to a piece of property
Deed
Aka transfers a legal title on day of closing

Question 2

Warranty of Seisin

Answer 2

I actually own the property

Question 3

Warranty Right to Convey

Answer 3

I have legal title and can convey

Question 4

Future Warranties

Answer 4

Then there are future warranties -
Warranty of quiet enjoyment - the grantee will not be bothered by any future claims

Warranty of further assurances - promise to do whatever it takes to fix any defects in the title

Question 5

General Warranty Deed

Answer 5

This is forever!!
Promise all 6 warranties since property was developed

Question 6

Special Warranty Deed

Answer 6

This is a deed for all six warranties since seller had title

Question 7

Quit Claim Deed

Answer 7

No promise regarding title

Question 8

Formalities of Closing

Answer 8

Deed has to be in writing
Delivery of deed - intent to give property
Acceptance is presumed unless the facts say otherwise
Merger - day of the closure real estate k merger
Legal description of the property to be able to know where the property is located
Identifiable grantees for proper conveyance

Question 9

Adverse Possession

Answer 9

Continuous amount of time
Actual, open and notorious
Using the property
Use must be hostile

Question 10

Taking

Answer 10

intentional transfer from one person to another

Question 11

Draft Real Estate Doc

Answer 11

Anyone can do it since its not
Legal advise

Question 12

Executing the Document

Answer 12

Equal dignity rule
Agent may sign deed on behalf of grantor
Need permission in writing

Question 13

Exception Equal Dignity Rule

Answer 13

Officer of corporation with authority
Signing agent
No writing - grantor is estopped if he tried to induce reliance