Real Estate MOD 2

At which of the following steps did tittle to the house go actually transfer or pass to B?

Step 1- A decided to convey a house to B

Step 2- A signed a deed transferring tittle to B

Step 3- A gave the signed deed to B, who accepted it

Step 4- B took the deed to the county recorder’s office and had it recorded

C- Step 3

A deed states that the grantors are conveying all their rights and interests to the grantees to have and to hold. This is communicated in the:

Habendum clause

An owner of real estate was declared legally incompetent and was committed to a state institution for the mentally ill. While institutionalized, the owner wrote and executed a will. The owner died while still institutionalized and was survived by a spouse and three children. The real estate will pass:

According to the state laws of descent

In any township, what is the number of the section designated as the school zone?

Section 16

What is the shortest distance between section 1 and section 36 in the same township?

4 miles

Two people are co-owners of a small building with the right of survivorship. One of the co-owners dies intestate and leaves nothing to be distributed to heirs. Which of the following would explain why the surviving co-owner acquired the deceased’s interest?

A- Severalty

B- Condominium

C- Joint Tenancy

D- Community property

Joint Tenancy

Title to real estate can be transferred upon death by what type of document?

A will

A deed contains a guarantee that the grantor will compensate the grantee for any loss resulting from the title’s failure in the future. This is an example of which covenant?

Warranty forever

Which type of deed merely implies but does NOT specifically warrant that the grantor holds good title to the property?

Bargain and sale deed

A person who has died without a deed has died __________

Intestate