![]() That’s why, when you have multi-state transactions you will have lawyers involved from each state, and they will be the ones drafting the deeds and mortgages for the property in that state. Real estate law is strictly state law based, and the law in one state may not be the law in a neighboring state. It is also important to remember that there is no such thing as federal real estate law. So our real property law here in the US dates back to before the revolution and independence. When the United States became independent, the states adopted the common law that was in effect in England at the time. So, most of our law dealing with real estate comes from old decisions in old lawsuits, much of it from merry old England. ![]() It is important to understand that real property law is really old, and is a creature of law and equity, not statute. If all of these deed requirements are met, and consideration has been paid and received, then title will be considered transferred to the grantee. Recordation of the deed in the land records is generally presumed to satisfy this requirement
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |