Titles Flashcards
Elements of Adverse Possession, NOCHE or OCEAN
Ocean:
Open and notorius
continusous
exclussive
actual
non-permissive
What is a deed and what are the requirements for it to be valid?
A deed is a doc. that conveys an interest in real prop. from the owner to another.
To be valid it must:
1. be in writing and signed by the grantor
2. identify the grantor and the grantee
3. contain words of transfer,
AND
4. describe the property interest being transferred.
What is the shelter rule?
A person who receives a property interest from a BFP is entitled to the same protection under the JDX’s recording act as the the BFP.
They are given the “shelter” of the BFP’s rights.
What is after-acquired title doctrine?
When a grantor conveys property by warranty deed before acquiring title to that property. Once, the grantor receives title, it will automatically transfer to the earlier grantee.
The grantor is then prevented from asserting ownership of the property under the doctrine of estoppel by deed.