Exam2-FC3 - The flashcards are formatted for printing....

Info iconThis preview shows pages 1–11. Sign up to view the full content.

View Full Document Right Arrow Icon
Deed Personal; Real
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
All ____ property can become ____ property if it’s attached permanently to the real estate; can also revert back (i.e. put up chandelier and then put it back in the box). How you convey real estate.
Background image of page 2
Warranty, Limited Warranty, and Quit Claim Deeds Real Estate
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Its transfer isn’t valid unless it’s in writing. Types of deeds:
Background image of page 4
Limited Warranty Deed Warranty Deed
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
The title passes to your name, which you have to defend (the one you want). Know where you can be financially hurt through the title (i.e. limit structure of the roof).
Background image of page 6
Fee Simple Absolute Quit Claim Deed
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
The person giving the deed never admits they have title to the property, but give you any and all interest without saying they have any (divorce, bankruptcy, or estate). Highest and best form of property ownership.
Background image of page 8
Lease Fee Simple Absolute
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
property even if you have a mortgage, making you the title owner. Give people property
Background image of page 10
Image of page 11
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/08/2011 for the course BUL 3130 taught by Professor Tessitore during the Summer '08 term at University of Central Florida.

Page1 / 29

Exam2-FC3 - The flashcards are formatted for printing....

This preview shows document pages 1 - 11. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online