...Deeds Wiley and Gemma are neighbors. Wiley’s lot is extremely large, and his present and future use of it will not involve the entire area. Gemma wants to build a single-car garage and driveway along the present lot boundary. Because of ordinances requiring buildings to be set back fifteen feet from an adjoining property line, and because of the placement of her existing structures, Gemma cannot build the garage. Gemma contracts to purchase ten feet of Wiley’s property along their boundary line for $3,000. Wiley is willing to sell but will give Gemma only a quit claim deed, whereas Gemma wants a warranty deed. I will provide a brief summary below of the differences between these deeds as they would affect the rights of the parties if the title to the ten feet of land later proved to be defective. Different types of deeds provide different degrees of protection against defects of title. A warranty deed contains the most promises of title and thus provides the greatest protection for the buyer. A warranty deed includes six covenants, by which the Grantor is the legal owner of the property and has the right to possess the property. The first three covenants are “Present Covenants” and the second three are referred to as “Future Covenants”. (Contracts 101 - Warranty vs. Quitclaim Deeds Retrieved from http://www.pohlshort.com/CM/Publications/Publications35.asp) Present Covenants warranty that Wiley is the legal owner of the property and has the right to possess it, the...
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...DEED OF ABSOLUTE SALE KNOW ALL MEN BY THESE PRESENTS: I, LORETO M. TANEDO, of legal age, Filipino, single, and a resident of Poblacion 1, Gerona, Tarlac ,Philippines, for and in consideration of the amount of TWENTY THOUSAND PESOS (P20,000.00) to me in hand paid by ANGELITO P. SANGKAP SR., of legal age, Filipino, married, and a resident of Barangay Matapitap, Gerona, Tarlac, Philippines, do hereby SELL, CEDE, TRANSFER and CONVEY absolutely and unconditionally unto and in favor of ANGELITO P. SANGKAP SR., his heirs, successors and assigns the following parcel of land covered by Transfer Certificate of Title No. 267156 particularly described as follows: A parcel of land, Lot 7-E-4, of the subdivision plan, Psd-036906-065685 being a portion of Lot7-E Psd-036906-061579 L.R.C. Rec. No., situated in the barrio Of Matapitap, Municipality of Gerona, Province of Tarlac, containing an area Of TWO HUNDRED (200) SQUARE METERS, free from all liens and encumbrances. IN WITNESS WHEREOF, I have hereunto set my hand this 8th day of July, 2013, at Tarlac City, Philippines. LORETO M. TANEDO Vendor SIGNED IN THE PRESENCE OF : __________________________ AND ________________________ REPUBLIC OF THE PHILIPPINES) CITY OF TARLAC. . . . . . . . . . . . . )S.S. BEFORE ME, a Notary Public for and in the City of Tarlac, Philippines, this 8th day of July, 2013, personally appeared LORETO M. TANEDO with her CTC No. 10141237, issued at Gerona, Tarlac, on March 5, 2013, known...
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...homeworkproviders.com/shop/ba-260-week-4-assignment-deeds/ BA 260 WEEK 4 ASSIGNMENT DEEDS BA 260 WEEK 4 ASSIGNMENT DEEDS, In this situation, Gemma prefers to have a warranty deed because this deed will provide the most protection against any defects of the title claimed against the property that is to be sold. A warranty deed is a pretty basic deed that, for the most part, states the seller owns the property and there are no liens (debts) against the property that will be transferred over. It is stating that the property is legally owned by Wiley and there are no hidden tie-ins that Gemma should be aware of. This deed ensures Gemma that the property he or she is buying is actually owned by Wiley and Gemma won't be met with any surprises later on. Furthermore, if a third party were to try to claim the property down the line, the warranty deed would legally protect the Gemma and he or she would be entitled to compensation from the original seller. In this situation, Gemma prefers to have a warranty deed because this deed will provide the most protection against any defects of the title claimed against the property that is to be sold. A warranty deed is a pretty basic deed that, for the most part, states the seller owns the property and there are no liens (debts) against the property that will be transferred over. It is stating that the property is legally owned by Wiley and there are no hidden tie-ins that Gemma should be aware of. This deed ensures Gemma that the property he or...
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...BA 260 WEEK 4 ASSIGNMENT DEEDS A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=week-4-assignment-deeds Visit Our website: http://hwsoloutions.com/ Product Description BA 260 WEEK 4 ASSIGNMENT DEEDS, In this situation, Gemma prefers to have a warranty deed because this deed will provide the most protection against any defects of the title claimed against the property that is to be sold. A warranty deed is a pretty basic deed that, for the most part, states the seller owns the property and there are no liens (debts) against the property that will be transferred over. It is stating that the property is legally owned by Wiley and there are no hidden tie-ins that Gemma should be aware of. This deed ensures Gemma that the property he or she is buying is actually owned by Wiley and Gemma won’t be met with any surprises later on. Furthermore, if a third party were to try to claim the property down the line, the warranty deed would legally protect the Gemma and he or she would be entitled to compensation from the original seller. In this situation, Gemma prefers to have a warranty deed because this deed will provide the most protection against any defects of the title claimed against the property that is to be sold. A warranty deed is a pretty basic deed that, for the most part, states the seller owns the property and there are no liens (debts) against the property that will be transferred over. It is stating that the property is legally owned by Wiley and...
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...what they want, a man can have power and stay as caring and selfless as was with no power or money. Longfellow Deeds was a young poet, writing on postcards for a living from Mandrake Falls, Vermont. When Martin Semple, a family member of Deeds, dies in a motor accident, Deeds is left with Semple’s twenty million dollar fortune. Deeds has always lived in Mandrake Falls so when this fortune falls into his lap, he packs up his tuba and moves to New York, a place he has never ever been. This is where new things begin to happen in his life and it becomes a test of trust, honesty, and love. The end of this movie had a positive impact to me. I did not really expect Deeds to turn and become so generous all of a sudden. I mean I understand how heartbroken he was when he found out that Mary Dawson was really Babe Bennett, the woman writing about Deeds in the paper, and not in a very upbringing way either. I was impressed with how well Deeds turned himself around in such a bright way. He was basically pushed down and had greedy people wanting his money the entire film and after finding out that heartbreaking news, he turned it into a good thing and gave his money to those in need of it. With that being said, I did have a positive reaction on the film once it was over. I feel that the filmmaker was trying to make the film a twist between a romance and a drama. Mr. Deeds had a love interest and he proposed to her and was as in love as he could be, which supplements the romance of the...
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...TIMES OF INDIA… DEC 5, 2014 Kin of Nizam soldiers get own homes in Hyderabad TNN | Dec 5, 2014, 01.15 AM IST READ MORE Nizam Soldiers|Nizam Army|Golconda Fort Kin of Nizam soldiers get own homes in Hyderabad Golconda Fort, Hyderabad. RELATED World Congress members to get a glimpse of Hyderabadi wondersNearly 400 BJP activists heldHyderabad bikers go on a Swachh drive to Anantagiri HillsStudents from war-torn countries flock to Hyderabad HYDERABAD: After a decade-long fight with the government, families of former soldiers in the erstwhile Nizam army are set to realize their dream, owning quarters in which they had been staying for decades. In fact, 120 occupants have received title deeds last week. The Hyderabad district administration had set the process of regularization (transfer of rights of government land) of Nizam's ex-servicemen quarters (nearly 700) located at five prime areas — Banjara Darwaja (Old stables, Golconda Fort), Band Lines (Fateh Maidan, Nampally), Mohammadi Lines (2nd Lancer, Shaikpet), Masab Lines (Asifnagar) and Saifabad Lines (AC Guards, Asifnagar) — in the city in 2008. Before the Hyderabad state was merged with the Indian Union, the then administration had allotted these quarters to soldiers in the Nizam army. The Hyderabad district administration had served notices to the occupants to submit the documentary evidence. Responding to the notices, 527 applications were received from 497 occupants. The authorities then verified the applications...
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...2. A surety bond is a contract in which the surety promises to the judgment creditor if the judgment debtor loses the appeal. The surety will pay the full amount plus interest that has accrued during the appeal. A surety must be a person or business that can demonstrate that it has sufficient assets to pay the amount assured. In contrast, a property bond is when the judgment debtor posts his/her owners’ equity in real property as a bond. The debtor executes a mortgage or deed of trust to the trustee to convey real property to the clerk as a stay bond. 4. When property is exempt from execution, the judgment creditor cannot seize and sell that property to satisfy the judgment. States put these rules in place as a matter of public policy. Leaving a debtor destitute would often result in the debtor becoming a ward of the state, and is not in the states interest. If final judgment is entered in a federal court, state property exemption laws are generally used to enforce judgment. When a final judgment is entered in one state and the debtor owns property in another state, the law of the state where the property is located will control the exemption issue. 5. A homestead exemption allows the judgment debtor to retain some or all owner’s equity in the family home or domicile. If a debtor’s equity in the homestead exceeds the applicable homestead exemption, the executing creditor can force the property sold, pay the debtor the homestead amount and apply the rest to the debt. In some...
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...Deborah Rodriguez January 13, 2014 Real Estate Law Assignment – Unit 1 RE: Adverse Possession California Code of Civil Procedure § 321. Possession, when presumed: Occupation deemed under legal title, unless adverse. In every action for the recovery of real property, or the possession thereof, the person establishing a legal title to the property is presumed to have been possessed thereof within the time required by law, and the occupation of the property by any other person is deemed to have been under and in subordination to the legal title, unless it appear that the property has been held and possessed adversely to such legal title, for five years before the commencement of the action. § 322. Occupation under written instrument or judgment, when deemed adverse. When it appears that the occupant, or those under whom he claims, entered into the possession of the property under claim of title, exclusive of other right, founding such claim upon a written instrument, as being a conveyance of the property in question, or upon the decree or judgment of a competent court, and that there has been a continued occupation and possession of the property included in such instrument, decree, or judgment, or of some part of the property, under such claim, for five years, the property so included is deemed to have been held adversely, except that when it consists of a tract divided into lots, the possession of one lot is not deemed a possession of any other lot of the same tract...
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...SPECIAL WARRANTY DEED THIS SPECIAL WARRANTY DEED is made this 18th day of January, 2011, from Joseph E. Little and Karen L. Little, formerly husband and wife (hereinafter called “Grantors”), to Joseph E. Little, unmarried (hereinafter called “Grantee”). WITNESSETH: THAT in consideration of One Dollar and Zero Cents ($1.00), paid to the Grantors by the Grantee, receipt of which is hereby acknowledged, Grantors hereby grant, transfer and convey unto the Grantee, his successors and/or assigns, the following: ALL that certain lot or parcel of ground situate in the Borough of Plum, County of Allegheny and Commonwealth of Pennsylvania, being Lot No. 219 in that certain Plan of Lots known as Holiday Park Plan No. 29, as the same recorded in the Recorder’s Office of Allegheny County, Pennsylvania, in Plan Book Volume 105, Page 157 to 165; and HAVING erected thereon a dwelling house known as 1445 Abers Creek Road, Pittsburgh, Pennsylvania 15239; and BEING designated as Block and Lot No. 1239-E-378; and UNDER AND SUBJECT TO any mineral rights, including, but not limited to, oil, coal and gas and the right to mine the same heretofore conveyed, transferred or granted by prior instruments of record; and UNDER AND SUBJECT TO reservations, restrictions, rights of ways, easements, exceptions, building liens, conditions and covenants as appearing in prior instruments of record; and SUBJECT TO Protective Covenants dated 11/17/1978 and recorded in DBV 6035, Page 903; and ...
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...This is a 2-hour exam; one essay and 20/25 questions CHECKLIST Do the questions first; then spend the rest of the time on the essay. Things grader looks for: Need a nice IRAC; issue spotting; I. Land Acquisition – TWO or more people fighting over property A. Adverse possession: To constitute adverse possession, there must be actual possession which is uninterrupted, open and notorious, hostile and exclusive, and under a claim of right made in good faith for the statutory period. Possession for a statutory period of time can ripen into title. 1. Elements: COAH a. Actual Possession: Actual means that the possession must be such that the community would reasonably regard the adverse possessor as the owner; the possessor must show an actual entry that gives exclusive possession of the land and does not have the owner’s permission to be there. The possessor’s subjective state of mind is irrelevant. b. Uninterrupted: Continuity of possession may be established although the land is used regularly for only a certain period each year. It is not necessary that the occupant should be actually upon the premises continually. If the land is occupied during the period of time during the year it is capable of use, there is sufficient continuity. Thus, summer occupancy only of a summer beach home does not destroy the continuity of possession required. c. Open and Notorious: The acts of the adverse possessor are...
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...INTRODUCTION In case of transfer of land, pre-emption simply means right to purchase first. In other words, the act of buying a plot of land before of ahead of others. Section 96 of The State Acquisition and Tenancy Act, 1950 and section 24 of The Non-Agricultural Tenancy Act, 1949 have described the provisions for pre-emption. Section 96 of The State Acquisition and Tenancy Act, 1950 was substituted by section 2 of The State Acquisition and Tenancy (Amendment) Act, 2006. However, provisions of pre-emption under section 96 of The State Acquisition and Tenancy Act, 1950 and section 24 of The Non-Agricultural Tenancy Act, 1949 shall not take away the right of pre-emption conferred on any person by the Mohammadan Law as per section 96(17) of The State Acquisition and Tenancy Act, 1950 and section 24(10) of The Non-Agricultural Tenancy Act,1949. A clear conception of the terms “holding” and “co-sharer” is necessary for a better understanding of pre-emption. As per section 2(13) of The State Acquisition and Tenancy Act, “holding” means a parcel or parcels of land or an undivided share thereof and forming the subject of a separate tenancy. Assume “X” dies leaving three sons A,B,C and a land of same holding consisting of 6 plots. Each son will get his part as per the law of inheritance. Now three sons have sold a plot to some “D”. Now ABCD are co-sharer of the land of the same holding. While ABC have became co-sharer by inheritance, D has became co-sharer by purchasing. However, if...
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...1. C: An LLC, or a limited liability company, protects someone from liability by shielding their personal assets from company assets as long as they do not comingle personal and business accounts and meet other related legal requirements. This is the best structure for Alexander because he will be protected but does not have to appoint a board of directors or pay annual dues associated with a corporation. 2. D: When a contract is created, both sides must give consideration in order for the contract to be binding. Ms. Smith gave consideration in the form of the promise to pay the $200. However, her son did not make a promise or offer any consideration for the contract. Therefore, the contract cannot be enforced against Ms. Smith because she received no consideration of any sort, either in the form of a promise from her son or otherwise, for her promise. 3. A: When Joseph gave Caroline a life estate, Caroline received the right to enjoy the property for the remainder of her life. Caroline’s interest thus expired upon her death, meaning she cannot will an interest in the property to anyone. Upon Caroline’s death, the property would revert to the remainderman named in the life estate (if such a person existed) or to the person who originally owned the estate (i.e., the person with a fee simple absolute, or absolute and undivided ownership). In this case, Joseph had absolute ownership until he granted Caroline a life interest, so when Caroline died, the life interest ended and...
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...circumstances, parts of the property (ex: windows, doors, fences) will need to be replaced. Again, the seller and buyer will discuss which side will be footing the cost of these repairs. Leonard, in Exhibit 1, has budgeted repairs to be around 5%, or roughly $2,200. One of the most important parts of the sale agreement is the purchase price, agreed upon by both the buyer and seller. A security deposit is necessary to show that the buyer is committed to this transaction while the payment is due whenever the transaction of the deed takes place. Title deeds also play an important factor as they consist of documents that show official ownership of the property. The deeds contain information ranging from current mortgages to land-use restrictions, zoning ordinances to property history, and any other information regarding the property that is pertinent to the seller. Once again, the seller needs to make clear to the buyer on what deeds exist on the property. Deeds consist of a huge chunk of the first half of the...
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...a firm in Cleveland, Ohio. One of your clients is a sweet old lady named Mildred. While Mildred was organizing her estate plan, she had a survey done on her home and realized that her neighbor, Cliff's picket fence is actually 3 feet on her side of the property line. Mildred does not want to get into a fight, but at the same time, she does not want Cliff to permanently keep the 3 feet of property that belong to her. So, she came to your firm to ask advice. Mildred has a deed that clearly shows that she received title to the 3 feet in question through a deed executed over 40 years ago. Cliff, of course, will argue that he acquired the 3 feet via adverse possession. Neither Cliff nor Mildred can remember exactly when the fence was put up and neither party can remember what was done with that space before the fence was put up. It is apparent that this case will come down to who has the burden to prove what because it's apparent that neither party can prove much of anything except that Mildred has her deed and all parties agree that the picket fence has been up for several years. Your supervising attorney asks you to draft an essay, citing relevant Ohio law where applicable, explaining who has the burden to prove what in this case and which party is likely to prevail. Please do so. Issue- The issue at hand is whether Cliff can prove adverse possession for the 3 feet of land in question under Ohio law against Mildred. Rule- Wechter v. Franklin, C.A. No. E-78-38, Court of...
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...spinner arm stops between numbers, spin again.) Then move your car the number of spaces on the spinner. Carefully remove the LIFE Tiles from the cardboard sheet. Place the LIFE Tiles LIFE-side-up near the gameboard and mix them up. Draw 4 tiles and, without looking at the message on the back, stack them LIFE-side-up at Millionaire Estates. The remaining tiles form the draw pile. Always move your car forward, in the direction of the arrows. (Just as in real life, you can’ go back in time!) If you t land on an occupied space, move ahead to the next open space. Follow the space directions. This ends your turn. CARDS Your first turn is an exception. See GETTING STARTED. Separate the cards into 4 decks: Career Cards, Salary Cards, House Deeds and Stocks. Place each deck facedown near the gameboard. GETTING STARTED On your first turn, decide either to start a career, or to start college. INSURANCE POLICIES & BANK LOANS College offers more career and salary options, but it takes time-and it puts you in debt! Separate the Automobile Insurance Policies, Homeowner’ Insurance s Policies and Bank Loans. Place each pile near the gameboard. START CAREER If you decide to start a career, place your car on the S A T CAREER TR space, then do the folIowing: MONEY Choose one player to be the banker. This player is in charge of all money paid to and from the bank. Draw a Career...
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