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Blackacre, Whiteacre, Greenacre, Brownacre, and variations are the placeholder names used for fictitious estates in land.. The names are used by professors of law in common law jurisdictions, particularly in the area of real property and occasionally in contracts, to discuss the rights of various parties to a piece of land.
A further exception is where the property is acquired under-value and only a fact and deed warrandice is granted under the disposition (covering (1), (2) and (3) below). Typically, when the Seller grants the disposition, the Seller therefore will warrant (i.e.: guarantee) the following four warranties: Absolute Good Title
Torrens title is a land registration and land transfer system in which a state creates and maintains a register of land holdings, which serves as the conclusive evidence (termed "indefeasibility") of title of the person recorded on the register as the proprietor (owner), and of all other interests recorded on the register.
A deed is a legal document that is signed and delivered, especially concerning the ownership of property or legal rights. Specifically, in common law, a deed is any legal instrument in writing which passes, affirms or confirms an interest, right, or property and that is signed, attested, delivered, and in some jurisdictions, sealed.
[2] Under common law, this type of deed technically created a use in the buyer who then gets the title. [3] Under the statute of uses, modern real property law disregards this subtle distinction. [citation needed] A bargain and sale deed is especially used by local governments, fiduciaries such as executors, and in foreclosure sales by sheriffs ...
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Because of growing concerns that sales via land contract might violate truth in lending laws, the Consumer Financial Protection Bureau (CFPB) is considering regulating these real estate sales. [2] In 2015, Texas law was changed to automatically place the legal title to the property with the buyer by filing the contract with the deed records ...
A chain of title is the sequence of historical transfers of title to a property.It is a valuable tool to identify and document past owners of a property and serves as a property's historical ownership timeline.