Casa 1 of 6 Flashcards
A piece of paper that shows the evidence of a real property?
Deed
A right to keep a possession of property belonging to ANOTHER person until the debt is paid in full.
Lien
A piece of land plus any natural or artificial (man-made) improvements that are attached or have been added to this land?
Real Property
property that is movable?
Personal Property
is considered corporeal, or tangible?
Deed
An abstract (existing in thought) term denoting ownership of real property?
Title
considered incorporeal, or intangible?
Title
A transfer of ownership - voluntary or involuntary?
Alienation of Title
A deer had been running around a car race tracks crashes unto a port-a-potties that is singing and pink bra are coming out like notes. (W.C. - S.I.N.G - D.D.)
8 Requirements to make a deed valid?
What does W.C. Stands for (8 Requirement)?
Written, Consideration
What does S.I.N.G Stands for (8 Requirement)?
Signature, Intent, Names of the Parties, Grainting Clause
What does D.D. Stands for (8 Requirement)?
Description, Delivery
What does Grantor do?
Gives
What does Grantee do?
Receives
Foreclosure is an example of?
Alienation of Title
On the 8 Requirements to make a deed valid - Written means?
conveyance of an interest in real property must
be done in writing
The legal process of transferring property from one owner to another.
Conveyance
Must be adequate and actually it hides the real value of a property - “ten dollars and other good and valuable …”?
One of 8 Requirements to make a deed valid Consideration
The Deed must have the GRANTOR signature
One of 8 Requirements to make a deed valid - Signature means?
Desire that determines what the grantor was trying to do with this property
One of 8 Requirements to make a deed valid - Intent
Both grantor and grantee names must be written on the Deed.
One of 8 Requirements to make a deed valid - Name of the parties
Must have a something that says I transfer, I grant, I convey etc
One of 8 Requirements to make a deed valid - Granting Clause
All documents involving real estate with legally acceptable… This would mean to have adequate to separate the parcel in question from every other parcel on the face of the earth.
One of 8 Requirements to make a deed valid - Description
The Deed must be delivered to the grantee?
One of 8 Requirements to make a deed valid - Delivery
There are three methods of delivering the Deed?
Actual, Constructive, and Third Party
Grantor actually hands or sends the deed to the grantee (register mail).
Actual Delivery
Having the Deed recorded on the
public records?
Constructive Delivery
grantor authorizes a third party to hold the deed in escrow or trust until some designated time, such as when the grantor dies.
Third Party Delivery
Non essential element of a Deed - H.A.R.D stands for?
Habendum Clause, Acknowledgment, Recording, Date
If the grantor was selling all of his real property, except the mineral rights, he would note that exception on the?
Habendum Clause- Non-Essential Elements of a Deed
Though a deed need not have a date to be valid, it is important and should not be neglected?
Date -Non-Essential Elements of a Deed
Is probably the safest form of delivery and is highly recommended. In the event, a grantor wrongfully transferred the same property to two different parties, the one who recorded the deed first would be declared the owner.
Recording (constructive delivery) - Non-Essential Elements of a Deed
It is the signature of the grantor that is being notarized or witnessed?
Acknowledged - Non-Essential Elements of a Deed
A balloon has a typewriter inside floating and is lifting a deer that is throwing the ball to a Q.B. He tells the deer wait to help a geek guy do a squad and it one side he has a girl standing on the bar and in the other side there is a big piano. When the geek guy looks up he sees a fish with a gun aiming to kill a peacock.
9 types of Deed (Q.B. -G.S.G.P-F.G.P.)?
In the 9 types of Deeds, what does Q.B means?
Quit Claim Deed, Bargain & Sales Deed
In the 9 types of Deeds, what does G.S.GP means?
General Warranty Deed, Special Warranty, Grant Deed, Probate Deed
In the 9 types of Deeds, what does F.G.P. means?
Foreclosure Deed, Gift Deed, Patent Deed.
Deer butting their H.A.R.D hats mean?
Habendum Clause
Acknoledgment
Record
Date
Deer butting their H.A.R.D hats mean?
Habendum Clause
Acknoledgment
Record
Date
