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Types of Deeds Components of the Deed

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Types of Deeds Components of the Deed Types of Deeds General Warranty • Warrants title against all defects in title, whether they arose before and after grantor took title. Special Warranty • Warrants title against the grantor’s own acts but not the acts of others. Quitclaim • No warranties. Conveys whatever interest/title that grantor has, which could be nothing. U N I V E R S I T Y of H O U S T O N Professor Marcilynn A. Burke Copyright©2008 Marcilynn A. Burke All rights reserved. Provided for student use only. Components of the Deed • Location of the property • Salutation • Grantor’s name and residence • Consideration, receipt of consideration, and method of payment • Granting grantee the property and grantee residence U N I V E R S I T Y of H O U S T O N Professor Marcilynn A. Burke Copyright©2008 Marcilynn A. Burke All rights reserved. Provided for student use only. 1 Components of the Deed Cont’d • Description of the property • Habendum (to-have-and-to-hold) • Warranty • Any limitation of title or the interest • Execution date and place • Execution • Acknowledgment (notary) U N I V E R S I T Y of H O U S T O N Professor Marcilynn A. Burke Copyright©2008 Marcilynn A. Burke All rights reserved. Provided for student use only. Warranties • Present • Covenant of seisin • Covenant of right to convey • Covenant against encumbrances • Future • Covenant of general warranty • Covenant of quiet enjoyment • Covenant of further assurances U N I V E R S I T Y of H O U S T O N Professor Marcilynn A. Burke Copyright©2008 Marcilynn A. Burke All rights reserved. Provided for student use only. 2 Brown v. Lober, 389 N.E.2d 1188 (IL 1979), Casebook p. 518. General Warranty Deed • Covenant of Quiet Enjoyment • Constructive Eviction • Covenant of General Warranty U N I V E R S I T Y of H O U S T O N Professor Marcilynn A. Burke Copyright©2008 Marcilynn A. Burke All rights reserved. Provided for student use only. Brown v. Lober Cont’d General Warranty Deed Cont’d • Covenant of Seisin • SOL • Adverse Possession • Solutions U N I V E R S I T Y of H O U S T O N Professor Marcilynn A. Burke Copyright©2008 Marcilynn A. Burke All rights reserved. Provided for student use only. 3 Frimberger v. Anzellotti, 594 A.2d 1029 (Conn. 1991), Casebook p. 521 Warranty Against Encumbrances • Latent violation of land use regulation? • Zoning violation or building code violation? • Fahmie v. Wulster U N I V E R S I T Y of H O U S T O N Professor Marcilynn A. Burke Copyright©2008 Marcilynn A. Burke All rights reserved. Provided for student use only. Frimberger v. Anzellotti cont’d Warranty Against Encumbrances Cont’d • Speculative damages • Lohmeyer? • Before closing v. after closing U N I V E R S I T Y of H O U S T O N Professor Marcilynn A. Burke Copyright©2008 Marcilynn A. Burke All rights reserved. Provided for student use only. 4 Sweeney v. Sweeney, 391 A.2d 806 (Conn. 1940), Casebook, p. 533 Delivery • By hand • Parties’ intentions – (“elective forced share of land”) • Oral condition • Fraud and BFPs U N I V E R S I T Y of H O U S T O N Professor Marcilynn A. Burke Copyright©2008 Marcilynn A. Burke All rights reserved. Provided for student use only. Land Transaction Terms Mortgagee Lender Mortgagor Borrower Vendee Buyer Vendor Seller Grantee Buyer Grantor Seller U N I V E R S I T Y of H O U S T O N Professor Marcilynn A. Burke Copyright©2008 Marcilynn A. Burke All rights reserved. Provided for student use only. 5 Rosengrant v. Rosengrant, 629 P.2d 800 (Okla. 1981), Casebook, p. 536 Delivery In Donative Transfers • Grantor’s Intent • Envelope labeled “J.W. Rosengrant or Harold H. Rosengrant” • Banker’s action • Bank’s custom • Conduct with respect to property U N I V E R S I T Y of H O U S T O N Professor Marcilynn A. Burke Copyright©2008 Marcilynn A. Burke All rights reserved. Provided for student use only. Rosengrant v. Rosengrant Cont’d Delivery In Donative Transfers Cont’d • Avoidance of Will Requirements • Escrow – p. 539, n. 15 • Revocable? • If revocable, then void? • Purpose of Delivery • Alternatives • Malpractice U N I V E R S I T Y of H O U S T O N Professor Marcilynn A. Burke Copyright©2008 Marcilynn A. Burke All rights reserved. Provided for student use only. 6.
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