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Missouri State quitclaim deed, 1871 In most arms-length real property transactions, such as a house sale, it is normal for the seller or grantor to warrant that they actually own the property or the interest in it that they are purporting to transfer.
Adverse possession in common law, and the related civil law concept of usucaption (also acquisitive prescription or prescriptive acquisition), are legal mechanisms under which a person who does not have legal title to a piece of property, usually real property, may acquire legal ownership based on continuous possession or occupation without the permission of its legal owner.
A simple example of not at arm's length is the sale of real property from parents to children. The parents might wish to sell the property to their children at a price below market value, but such a transaction might later be classified by a court as a gift rather than a bona fide sale, which could have tax and other legal consequences. To ...
If you're a high-income taxpayer in the eyes of the IRS during a year when you make a real-estate sale, you may be in for a shock when you file your tax return. Tax rates on long-term capital ...
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A house for sale by its owner. For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property.
Estoppel by words, or representation by the original owner through words that he is the true owner or has the owner's authority to sell: Henderson & Co v Williams [1895] 1 QB 521; Shaw v Commissioner of Metropolitan Police [1987] 1 WLR 1332, following Henderson; Estoppel by conduct: Farquharson Bros v C King & Co Ltd [1902] AC 325