Property Charts - Deed Recording Statute of Frauds in writing signed by grantor specify parties specify the intrest conveyed expression of intent

Property Charts - Deed Recording Statute of Frauds in...

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DeedStatute of Frauds in writing signed by grantor specify parties specify the intrest conveyed expression of intent provide the legal physical description of the property Deed Reformationmutual mistakescrivners errorunilateral mistake induced by misrepresentation Delivery/Acceptance not effective until it is delivered by the grantor and accepted by the granteedelivery is based on intentimmediatly trnasfer objective manifestationdeath escrow valid if placed with 3rd party and releases dominion and control Title Covenantspresent - breached at time of conveyance - dont run with landseisin - owns estate conveyingright to convey against encumbrancesfuture - breached any time in future is there is substantial interference with possession - run with land warranty - defend grantee against any claim of superior title quiet enjoyment - not be disturbed by anyone holding superior titlefurther assurances - grantor take steps to cure title defects thats existed at closing Recording Recording ActsCommon Law: the first person to acquire interest prevails over all later claimants under the first-in-time doctrine, unless a later purchaser is protected by the state's recording act Race: the purchases who records first has priority even if she actually knows about a prior interest Notice: a subsequent bona fide (paid value) purchaser has priority if he takes without (actual, inquiry, record) notice of a prior interest. Recording is not required to gain priority Race-Notice: a subsequent bona fide purchaser who records first has priority if he takes without notice of a prior interest and records first.
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