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Transferring Title Chapter 5, Jacobus 1. Title means the right to or Ownership of land AND serves as the evidence of ownership. A change in ownership is known as an alienation of title. 2. Voluntary transfers a. Livery of seizin. b. Deeds - instrument used to convey title to real estate. i. Parties ii. Essential elements of Deeds (1) Names of parties (2) Consideration: (3) Words Of Conveyance: (4) Description of property (5) Grantor's signature. iii. DATE on deed is not essential. iv. Delivery and acceptance of deed. v. Witnesses and Acknowledgement: vi. Recording. c. Voidable deeds d. Parts of a Deed: i. Premises ii. Habendum iii. Testimonium e. Wills f. Inheritances by intestacy g. Grants from a governmental body to an individual h. Gifts - Dedications if given to a government 3. Involuntary transfers a. Adverse Possession: b. Foreclosure / Exercise of power of sale / Executions / Tax sales c. Eminent Domain d. Escheat e. Forfeiture of title - when an owner violates a condition in a deed. For example if a deed requires future owners hold property exclusively for residential purposes and the owner converts it to commercial uses 4. Types of Deeds: a. Most common: i. (General) Warranty Deed ii. Quitclaim Deed: b. Other types: i. Special Warranty Deed: ii. Bargain and Sale Deed: iii. Grant Deed: c. Special situation deeds: i. Personal Representative's/Administrators ii. Sheriff/Master Commissioner Deed iii. Trustee's iv. Guardian/Conservator's v. Tax vi. Deed of Reconveyance