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				Reversion v. Possibility of Reverter
				Posted: Sun Feb 07, 2016 12:59 am
				by kraeton
				Is reversion just a general category that encompasses both possibility of reverter (automatic reversion) and right of re-entry (optional but grantor must affirmatively...)?
I'm just finishing up on making flashcards for my last MBE subject property, and i noticed I uh... don't know. 
Fee Simple Determinable: Grantor has a possibility of reverter. 
Fee Simple Subject to Condition Subsequent: Grantor has a right of re-entry.
Fee Simple Subject to Executory Interest: Grantor has no rights upon execution of the stated condition. 
The word "reversion" seems to get thrown around a lot though in a very general way.
			 
			
					
				Re: Reversion v. Possibility of Reverter
				Posted: Sun Feb 07, 2016 1:17 am
				by GrizzlyWintergreen
				¯\_(ツ)_/¯
			 
			
					
				Re: Reversion v. Possibility of Reverter
				Posted: Sun Feb 07, 2016 1:38 am
				by BigZuck
				Guessing it probably gets thrown around in a lot of ways willy nilly but according to Wikipedia there is a distinct difference.
			 
			
					
				Re: Reversion v. Possibility of Reverter
				Posted: Sun Feb 07, 2016 1:38 am
				by BVest
				Reversion will absolutely happen, like with a life estate.  It's both automatic (like the possibility of a reverter) and certain (the life estate holder will die), thus removing the "possibility" from the equation.
			 
			
					
				Re: Reversion v. Possibility of Reverter
				Posted: Sun Feb 07, 2016 1:45 am
				by kraeton
				BVest wrote:Reversion will absolutely happen, like with a life estate.  It's both automatic (like the possibility of a reverter) and certain (the life estate holder will die), thus removing the "possibility" from the equation.
Like you said, the Possibility of Reverter itself ,contrary to its name isn't a "possibility," but a total guarantee of reversion. 
That's why I asked the question if there's any difference at all unless the term "reversion" is a category that encompasses both possibility of reverter under the FSD (Fee Simple Determinable) and the Right to Re-entry in FSC (Fee Simple Subject to Condition Subsequent)
 
			 
			
					
				Re: Reversion v. Possibility of Reverter
				Posted: Sun Feb 07, 2016 1:57 am
				by BVest
				kraeton wrote:BVest wrote:Reversion will absolutely happen, like with a life estate.  It's both automatic (like the possibility of a reverter) and certain (the life estate holder will die), thus removing the "possibility" from the equation.
Like you said, the Possibility of Reverter itself ,contrary to its name isn't a "possibility," but a total guarantee of reversion.
 
Not what I said.  Possibility of reverter in FSD context is very much a possibility and not at all a guarantee.  The condition terminating the FSD does not ever have to occur.
 
			 
			
					
				Re: Reversion v. Possibility of Reverter
				Posted: Sun Feb 07, 2016 2:08 am
				by kraeton
				Oh snap, that's right.
So, is reversion a mechanism only of a life estate?
			 
			
					
				Re: Reversion v. Possibility of Reverter
				Posted: Sun Feb 07, 2016 2:48 am
				by Sue
				kraeton wrote:Oh snap, that's right.
So, is reversion a mechanism only of a life estate?
Right. In life estate, future interest is reversion if held by grantor, remainder if held by a third party. In other words, future interest held by grantor is reversion in life estate, possibility of reverter in FSD.