Stringham - Deeds & Transfer (1) Latest 2024/2025 Updated Questions and Answers Guaranteed 100% Success.
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Stringham - Deeds & Transfer
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Stringham - Deeds & Transfer
Establish the Validity of a deed: acknowledgment - (Notarized/witnessed) does not have to be
recorded; signature of the grantor is being notarized
Elements of a deed: delivery: 3 ways - 1. Actual delivery
2. Constructive (recorded)
3. 3rd party (hold in escrow or trust)
Elements of a deed: con...
Stringham - Deeds & Transfer (1)
Establish the Validity of a deed: acknowledgment - (Notarized/witnessed) does not have to be
recorded; signature of the grantor is being notarized
Elements of a deed: delivery: 3 ways - 1. Actual delivery
2. Constructive (recorded)
3. 3rd party (hold in escrow or trust)
Elements of a deed: consideration - Amount paid is usually hidden by "ten dollars and other good
and valuable consideration"
Elements of a deed: signature - Signature of only the grantor(seller/owner) of the property
Elements of a deed: description - Legal description that separates it from everything else (NOT
address)
Title - Form of how we own something
Alienation of Title - Transfer ownership (voluntary or involuntary); selling the property
Deed - Actual instrument that shows that we own something
Title - Form of how we own something
Essential elements of a deed - 1. Intent
2. Signature
3. Granting Clause
4. Name of the parties
5. Description
6. Consideration
, 7. Written
8. Delivery
Elements of a deed: intent - Grantor must intend to give ownership to someone else
Elements of a deed: granting clause - "I transfer", "I grant", "I convey"
Elements of a deed: name of the parties - BOTH grantor and grantee
Elements of a deed: written - Must be done in writing
Elements of a deed: delivery - Must be delivered to the grantee via 3 ways
Establish the Validity of a deed - 1. Recording
2. Acknowledgment
3. Date
4. Habendum Clause
Establish the Validity of a deed: habendum clause - "To have and to hold Clause", "subject to",
"exceptions and reservations"; keeping or reserving certain rights for ourself as the grantor
Establish the Validity of a deed: recording - Not legally required, it fasted and safest form of
delivery; highly recommended
Establish the Validity of a deed: date - Does not need to be valid, but important and should be
done
Types of deeds - 1. Quit claim deed
2. Bargain & sale deed
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