In this example, who would be the bona fide purchaser, and what sort of deed warranty claims could be brought? I am confused by this problem.
Lot 1 History
1980: O (original subdivider) to A (containing residential use covenant), deed recorded
1999: A grants an easement to a neighbor on Lot 2; easement recorded
2005: A to B, deed not recorded
2006: A to C, deed recorded (C knows of the A-B deed)
2009: C and D enter into an installment land sale contract (D is unaware of the A-B deed), which is recorded
D has been in possession of Lot 1 since 2009, and has paid over 70% of the purchase price through monthly installment payments to C
Assume the deeds listed above are all general warranty deeds. Identify all particular covenant claims, if any, that may be brought against particular covenantors after the Town of X's taking of the lot is completed.
(Study Tips, Dealing With Stress, Maintaining a Social Life, Financial Aid, Internships, Bar Exam, Careers in Law . . . )
3 posts • Page 1 of 1
- Posts: 282
- Joined: Thu Mar 21, 2013 10:06 pm
From what I know, I think the majority of courts would not find D to be protected as a bona fide purchaser unless he paid the full amount. D can recover the amount paid, C isn't protected either since it's a race notice jurisdiction and C had notice. B can likely bring suit to quiet title.
Who is online
Users browsing this forum: shineoncrazydiamond, Yahoo [Bot] and 5 guests