Exam 14: Methods of Transfer and Conveyance in Real Estate

Adverse possession requires proof of animosity or anger between the parties.

Under a race statute:

Recording involves the copying of documents and retention of those copies.

Discuss the inadequacies and inaccuracies of the following deed. What other information do you need QUITCLAIM DEED For the consideration of Ten Dollars, and other valuable consideration, I or we, Mr. and Mrs. William Smith, hereby grant/convey to Mr. and Mrs. Sam Jones all right, title or interest in the following real property situated in Maricopa County, Arizona:

Under the UPA, title to real property can be held and conveyed in the partnership name.

A bargain and sale deed has no warranties.

Title companies use the grantor/grantee index system.

A locksmith was rekeying a foreclosed property when he fell six to eight feet into the home's basement through an opening in the floor of the house. Source One had foreclosed on the property on October 4, 2012. Source One then conveyed the property to Fannie Mae on November 16, 2012, but the deed was not recorded. The accident occurred on November 24, 2012. The locksmith filed suit against Source One and Fannie Mae to recover for the injuries. The theory of the suit is that the owner of the home is liable for injuries to third parties from lack of repairs and failure to warn. Who could be held liable?

Day 1 − Grantor transfers title to A Day 2 − Grantor transfers title to the same property to B Day 3 − Grantor transfers title to the same property to C (bfp) Day 4 − B records the deed from the grantor Day 5 − Grantor transfers title to D Day 6 − C records Day 7 − D records -Under a race/notice statute, who takes title?

Title insurance will still cover a non-bona fide purchasers buyer.

Aliases of the grantor should be noted on the deed.

​Why do we protect bona fide purchasers?

An acknowledgment is a signature by a witness.

The Astons contracted with John King to purchase property from him. John King then conveyed the purchase contract to King, Spaulding, and Reston, a law firm in which King had become a partner as a means of providing an initial investment into the firm, an LLC that was about to be formed. After the transaction closed with the Astons, the secretary of state rejected the LLC documents for some missing information. When the Astons learned that the grantor did not exist, they sought to have the transaction set aside as invalid. Offer your analysis of this situation.

The Kapinskis owned and occupied lot 18 from 1935 to 1950 in a state in which the adverse possession period is 25 years. In 1950, the lot was conveyed to the Wyroskis. The Laurins purchased lot 19 in 1954. The lots were the sites of summer homes. A row of lilac bushes had always marked the boundary between lots 18 and 19, and the Kapinskis and Wyroskis put in and maintained a lawn and flower bed that bordered the lilacs. A boathouse for lot 18 was also located next to the lilac bushes. The boundary line as marked by the lilac bushes was incorrect and the bushes were actually located on the Laurins' lot. The result was that the incorrect boundary expanded the size and boundaries of the Wyroski lot. In 1961, the Laurins bought an action to quiet title. -The Kapinskis:

Some states require a corporate seal on a deed transferring corporate real property.

Which of the following would not be an example of a confidential relationship for purposes of establishing undue influence?

August 1, 2019 - Mortgage recorded January 3, 2020 - Lien recorded January 31, 2020 - Owner conveys to buyer; buyer records These transactions take place in a notice/race state. If the owner defaults on the mortgage, who gets the property?

A misplaced the fence on his property boundary. The fence is six inches too far and is on his neighbor's, B's, property. A puts grass and trees in the area by the fence and cares for it for 27 years. A:

Title insurance covers mechanic's liens.