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process of transferring title to real property (tranferring ownership) from one party to another |
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a document which passes title to land from the government to a private party
this is the ultimate source of title for all private ownership of land |
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a written instrument that, when property executed, delivered, and accepted, conveys title or ownership of real property from the grantor to the grantee |
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Most common types of deeds in WA (5): |
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1. warranty deed
2. special warranty deed
3. quitclaim deed
4. court ordered
5. trustee's deed |
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grantor makes 5 basic promises that warrant against defects in title that arose before or during grantor's tenure:
1. covenant of seisin
2. covenent of right to convey
3. covenant against encumbrances
4. covenant of quiet enjoyment
5. covenant of warranty
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a good faith belief in ownership |
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peaceable possession under color of title |
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promises that grantor actually owns the property interest they are conveying |
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covenant of right to convey |
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promise that grantor has power to make the conveyance
(grantor has title to the interest or is an agent of the owner with authority to transfer interest) |
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covenant against encumbrances |
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warrants that property is not burdened by any easement, mortgage, lien, or other right of a 3rd party, and if it is, it is listed in the deed |
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covenant of quiety enjoyment |
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promises the grantee's possession of the property will not be threatenedy by any lawful claim by a 3rd party, unless it is a spurious claim (has no legal basis) |
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promise that the grantor will defend the grantee's title against any claims superior to the granee's that exist when the conveyance is made |
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same 5 promises as general warranty deed, however, they are limited to defects that arose during the grantor's tenure only |
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contains no warranties and does not convey 'after-acquired title'. it only conveys the interest the grantor has when the deed is delivered (and nothing at all if grantor has no interest at that time)
used to cure 'clouds' on title
used when grantor is unsure of validity of title and wishes to avoid giving any warranties |
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a title defect, often the result of a technical flaw in an earlier conveyance
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when a quitclaim deed is used to clear a cloud on a title, it is AKA: |
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used when property is forclosed under a deed of trust |
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a valid deed must have these qualities (6): |
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1. be in writing
2. identify the parties
3. signed by a competet grantor
4. have a living grantee
5. contain words of conveyance (granting clause)
6. include an adequate description of the property |
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acknowledgement of a deed |
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occurs when the grantor swears before a notary public or other officil witness that her signature is genuine and voluntary
a deed must be acknowledged to be recorded |
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a deed is effective when it is delivered (so that title is transferred) to the grantee. It must occur while the grantor is alive. |
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conveyance of deed is completed when it is accepted by the deliverer |
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"to have and to hold" clause
it states the nature of the interest the grantor is conveying
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exclusions and reservations clause |
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lists any encumbrances (easements, liens, private restrictions, etc.) that the grantee will be taking title subject to |
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3 general requirements for a will: |
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1. in writing
2. signed by the person making it (the testator)
3. attested to by at lest 2 competent witnesses |
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an oral will made on one's deathbed with 2 witnesses present and that can only transfer personal property worth less than $1,000.
if person recovers, no longer valid |
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an unwitnessed will written entirely in the testator's own handwriting.
Not legal in WA state unless was executed in a state where they are legal and the person later moves to WA and does not create a new will |
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to transfer personal property by will |
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a testator bequeaths personal property to a legatee |
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to transfer real property by will |
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reciever of devised real property |
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appointed by the testator to carry out the instructions in the will, under the supervision of the probate court (in WA, the superior court) |
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procedure by which a will is proved valid and the testator's directions are carried out |
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administrator (regarding wills) |
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appointed by the courts, if there is no executor named in the will |
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when a private owner gives real property to the public
can be voluntary, but often is not |
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when a private owner gives land for public use in exchange for them being able to build, divide it, use it, etc.
ex: a land developer must dedicate public streets, sidewalks, etc. |
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involuntary; the owner's acquiescence in the public's use of their property for a prolonged period of time |
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when someone dies without leaving a will |
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when someone dies intestate, the law provides for the division of their property by this process |
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persons who take property by intestate succession |
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when heirs recieve property by intestate succession, they are said to have recieved the property by descent |
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when property is passed back to the state because a person who died intestate has no recongnized heirs
abandoned property can also revert to the state through escheat |
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when government takes private property for public use |
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the government's POWER to condemn property
requires:
1. land used for the public
2. owner must recieve just compensation
(fair market value) |
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this action is used to remove a cloud on the title when it cannot be cleared by more peaceful terms and a quitclaim deed
court decides questions of ownership |
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this suit is a means of dividing property owned by more than one person when the co-owners cannot agree how to divide it |
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adverse possession requirements (5): |
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1. actual
2. open and notorious
3. hostile to the owner's interest
4. exclusive
5. continuous and uninterrupted for specific time period |
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any addition to real property from natural or artificial causes; results in involuntary alienation |
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3 causes of accession (natural): |
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1. accretion
2. reliction
3. avulsion |
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when riparian or littoral land is GRADUALLY enlarged by waterborne soil deposits (called allumion or alluvium) |
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wen riparian or littoral land is enlarged by the GRADUAL retreat of the body of water, landowner acquires title to newly exposed land |
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when land is violently torn away by flowing water or waves and deposited somewhere else |
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the effect of recording documents (2) |
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1. it gives 'the world' constructive notice
2. creates the presumption that the recorded instrument is valid and effective |
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possession provides notice means: |
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the potential purchaser of property is held to have constructive notice of the interests of the parties in possession of the property, even if theose interests are NOT recorded |
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a deed that is outside of the chain of title; it cannot be located under the grantor-grantee system of indexing |
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endorsement (regarding title insurance) |
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coverage for a specific item not ordinarily covered by a particular type of policy |
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a report issued after a title search by a title insurance company, listing all defects and encumbrances of record |
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notice of a fact that a person is held by law to have (as opposed to actual notice); there is opportunity to discover the fact in question by searching the public records or 'possession provides notice' |
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