What is a Title Search? A title search is an examination of all the public records to determine whether any defects exist in the chain of title. Recorded instruments such as deeds, divorce decrees, wills, and mortgages are included. In actual practice, the search does not go all the way back in history to the original land grant. State statute determines how far back into history the search must go. Florida's Marketable Record Titles Act limits the search to 30 years. Thus, the original source of title, known as the root of title, goes back 30 years. The law extinguishes certain interests in [...]
What are the 4 Types of Statutory Deeds? There are 4 types of statutory deeds: Quitclaim deed Bargain and sale deed Special warranty deed General warranty deed These deeds are called statutory deeds because the law provides for a short form of deed in which the covenants or warranties mentioned are implied to exist just as though they were written out in complete and detailed form. These four deeds are described in the following paragraphs, starting with the one that has the fewest covenants and warranties (quitclaim deed) and ending with the one that has the most covenants and warranties (general [...]
What is a Bargain and Sale Deed? Normally, a bargain and sale deed consists of the granting clause, habendum clause, and covenant of seisin. However, in the bargain and sale deed, the grantor does not covenant or warrant to defend the title against any future claims or attacks on the title. The bargain and sale deed is sufficient to convey all the title the grantor has. It does little to protect the grantee from clouds or claims on the title. A bargain and sale deed might be appropriate when an out-of-state property owner desires to sell several parcels of land through a Florida real estate [...]
Rowlett Real Estate School held its 63-Hour Sales Associate License Live Classroom Course in Destin, Florida from May 13-19, 2019. This course is an REcampus, FREC-approved, 7-day, 63-hour pre-license course required by the state to obtain a Florida real estate license. Complete everything in the classroom. Includes final course exam and course completion certificate for the state exam.
What is a Quitclaim Deed? The quitclaim deed is a deed by which the grantor quitclaims unto the grantee all of the grantor's rights, title, and interest to the property, if any. The grantor makes no warranties about the quality or extent of the title being conveyed. This form of deed is useful for clearing existing or potential clouds on the title. A cloud might be some unreleased lien or encumbrance that may superficially impair or cast doubt on the title's validity, such as a recorded mortgage that has been paid in full, but with no satisfaction of mortgage recorded. To clear the [...]