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Deeds and Covenants
Question | Answer |
---|---|
Quitclaim | No covenants. Grantor not liable for any problems post-closing |
General Warranty | Present Covenants: Seisen; Right to Convey; Against Encumbrances. Future Covenants: Quiet Enjoyment; Warranty (defense); Further Assurances (housekeeping). |
Statutory Special Warranty Deed | Grantor hasn't conveyed land to anyone else & Land is free from encumberances made by grantor |
Land Contract | Lawfully Executed & Delivered. Lawfully Executed = in writing, signed by D, identifying the property, and stating consideration. Delivery = physical or legal. |
Deed | In writing |
Bona Fide Purchaser | For Value & without actual, inquiry, or record notice. |
Notice Recording Statute | Last in time B.F.P. wins, regardless of who records first |