Interests in Real Property

Outline

1. Deeds
   1. Requirements of a Valid Deed
   2. Warranty Deeds
   3. Deeds without Warranties
2. Evidence
   of Marketable Title
   1. Public Records
   2. Notice
   3. Chain of Title
   4. Race Notice Rule
   5. Marketable Title Act
3. Title
   Insurance
   1. Types of Title Insurance Policies
   2. American Land Title Association (ALTA)
   3. Abstract of Title
4. Forms
   of Ownership
   1. Ownership in Severalty
   2. Co-Ownership
5. Possessory
   Interests in Property
   1. Freehold Estates
   2. Leasehold Estates
6. Ownership
   by Organizations
   1. Sole Proprietorship
   2. Partnerships.
   3. Corporations
   4. Condominiums, Cooperatives, and Townhomes
7. Non-Possessory
   Interests: Easements
   1. Types of Easements
   2. Creation of Easements
   3. Terminating Easements
8. Financial
   Encumbrances: Liens
   1. Voluntary Liens: Mortgages
   2. Involuntary Liens
   3. Lien Priority

Learning Objectives

1.       Learn about different forms of deeds
2.       Identify the purpose of the public records
   system
3.       Determine significance of a marketable title
4.       Identify the purpose of title insurance
5.       Learn alternate ways people take ownership of
   real property
6.       Freehold and leasehold estates
7.       Various types of liens and easements and their
   impact on property

Teaching Methods:  

PowerPoints, Video PowerPoint Presentation and Optional Quiz