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A quitclaim deed may also be used to transfer title of a property to a purchaser following a foreclosure auction. Typically such a deed will not warrant that the property title is free and clear, and it remains up to the grantee to check that the property is not subject to any legal encumbrances. [11]
On October 8, 1891, the receivers sold the railroad to William Jackson, trustee, conveying the property to him by deed dated December 18, 1891, and quit-claim deed of November 18, 1891. The sale was confirmed by the court on January 5, 1892.
1. If O conveys property she doesn't own to A by warranty deed, but O later acquires title to that land, then title immediately passes to A.. 2. However, if, as above, O conveys property she doesn't own to A by warranty deed, but O later acquires title to that land, A may elect to treat O's lack of title at the time of the conveyance as a breach of the covenants of seisin and right to convey ...
Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...
A newly passed bill allows Pennsylvania to return unclaimed funds to a person without a claim. The law was originally proposed by state Treasurer Stacy Garrity last year. New Pennsylvania law will ...
Quit rents went on to be used in British colonies, protectorates, etc. in Asia and elsewhere in the 19th and 20th centuries. For example, in British North Borneo , Proclamation IX of 1902 made it a legal requirement for natives who claimed to own cultivated lands to take out separate land titles for themselves, charged at $2.00 per title with ...
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