·       房契: ownership of real property is transferred and evidenced by a document called a deed

o      Many types

§       There are many types of deeds, including warranty deeds, grant deeds, bargain and sale deeds, quitclaim deeds, gift deeds, guardian's deeds, executor's deeds, personal representative's deeds (probate), sheriff's deeds, commissioner's deeds (foreclosure) and deeds in trust. The major difference in each case is the type of covenant made by the grantor.

o      Essential Components

§       In order to be valid, a deed must contain the following:

·       Grantor,

·       Grantee,

·       Consideration,

·       Words of conveyance,

·       Legal description,

·       Signature, and

·       A deed must be delivered

·       Must be in written (as required by Statue of Frauds)

§       Though not essential for validity, a deed is normally recorded to protect the grantee against claims of any third party

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