music: wynton marsalis, classic wynton (recorded 1984-1998)
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MUSIC: Wynton Marsalis, Classic Wynton (Recorded 1984-1998)
ANNOUNCEMENTS
• PLEASE EAT CUPCAKES!!!• Wed: Course Evaluations
• Thu: Make-Up Class; Start Chapter 8
NOTICE & THE NOTICE & THE RECORDING RECORDING
SYSTEMSYSTEMcontinuedcontinued
3 Kinds of Recording Acts
1. Race
2. Notice
3. Race-Notice
3 Kinds of Recording Acts1. Race
– 1st to Record Wins– N.C. + La. + Del. for all interests– Some others for some specific interests
2. Notice
3. Race-Notice
3 Kinds of Recording Acts1. Race
2. Notice– Protects BFP for Value ag. Prior
unrecorded interests regardless of when or if BFP records
– About half the states (e.g. TX + FL)
3. Race-Notice
3 Kinds of Recording Acts1. Race
2. Notice
3. Race-Notice– Protects BFP for Value ag. prior unrecorded
interests only if BFP records 1st– About half the states (e.g. NY + CA)
DQ119: Situation 1
OA
OB (BFP)
B records [O B deed]
A records [O A deed]
WHO WINS IN …?• RACE:• NOTICE:• RACE-NOTICE:
DQ119: Situation 1
OA
OB (BFP)
B records [O B deed]
A records [O A deed]
WHO WINS IN …?• RACE: B• NOTICE: B• RACE-NOTICE: B
DQ119: Situation 2
OA
A records
OB
B records
WHO WINS IN …?• RACE:• NOTICE:• RACE-NOTICE:
DQ119: Situation 2
OA
A records
OB
B records
WHO WINS IN …?• RACE: A• NOTICE: A• RACE-NOTICE: A
Moral of Situations 1 & 2: If you record immediately, you are always in the best
position possible.
DQ119: Situation 3
OA
OB (NOT BFP)
B records
A records
WHO WINS IN …?• RACE:• NOTICE:• RACE-NOTICE:
DQ119: Situation 3:RACE STATUTE: PROTECTS BAD FAITH
PURCHASER WHO RECORDS FIRST
OA
OB (NOT BFP)
B records
A records
WHO WINS IN …?• RACE: B• NOTICE: A• RACE-NOTICE: A
DQ119: Situation 4
OA
OB (BFP)
A records
B records
WHO WINS IN …?• RACE:• NOTICE:• RACE-NOTICE:
DQ119: Situation 4:NOTICE STATUTE: PROTECTS BFP EVEN IF
DOESN’T RECORD FIRST
OA
OB (BFP)
A records
B records
WHO WINS IN …?• RACE: A• NOTICE: B• RACE-NOTICE: A
DQ119: Title Search with Grantor-Grantee Indexes
Purchasing from Ms. Carr. How do you begin?
DQ119: Title Search with Grantor-Grantee Indexes
Purchasing from Ms. Carr.
1. Check grantee index under Carr going backward from present. You find record of deed: Bilenki Carr (1984). What now?
DQ119: Title Search with Grantor-Grantee Indexes
Purchasing from Ms. Carr.
1. Deed: Bilenki Carr (1984).
2. Check grantee index under Bilenki going backward from 1984. You find record of deed: Anderson Bilenki (1969). What now?
DQ119: Title Search with Grantor-Grantee Indexes
Purchasing from Ms. Carr.
1. Deed: Bilenki Carr (1984).
2. Deed: Anderson Bilenki (1969).
3. Check grantee index under Bilenki going backward from 1984. You find record of deed: U.S. Govt Anderson (1962). What now?
DQ119: Title Search with Grantor-Grantee Indexes
From Grantee Index:
Bilenki Carr (1984).
Anderson Bilenki (1969).
U.S.Govt Anderson (1962)
Check grantor index to see if Anderson conveyed any interests between 1962 and 1969. You find nothing until Anderson Bilenki deed in 1969.
What Next?
DQ119: Title Search with Grantor-Grantee Indexes
From Grantee Index:
Bilenki Carr (1984).
Anderson Bilenki (1969).
U.S.Govt Anderson (1962)
Anderson Bilenki (1969).
Check grantor index to see if Bilenki conveyed any interests between 1969 and 1984.
You find easement granted to Electric Co. in 1971 & nothing else until Bilenki Carr deed in 1984. What Next?
DQ119: Title Search with Grantor-Grantee Indexes
From Grantee Index:
Bilenki Carr (1984).
Anderson Bilenki (1969).
U.S.Govt Anderson (1962)
From Grantor Index
Anderson Bilenki (1969).
Bilenki Elec. Co. (1971) (Easement)
Bilenki Carr (1984).
Check grantor index to see if Carr conveyed any interests between 1984 and the present PLUS
Check to see if Electric Co. released or transferred the easement.
Nothing Additional. What Next?
DQ119: Title Search with Grantor-Grantee Indexes
From Grantee Index:
Bilenki Carr (1984).
Anderson Bilenki (1969).
U.S.Govt Anderson (1962)
From Grantor Index
Anderson Bilenki (1969).
Bilenki Elec. Co. (1971) (Easement)
Bilenki Carr (1984).
Check all documents uncovered through index for content and references to unrecorded interests.
Tract Indexes• Index transactions by location not names of parties• Much easier to use for most types of transactions• Exist almost everywhere privately; and as official
public record in a few jurisdictions• Many states have rules based on grantor-grantee
indexes even if public or private tract indexes exist
Shelter Rule (Notice Jurisd.)
OA
OB (BFP)
A records
• In a notice jurisdiction, B wins over A as a subsequent BFP even though A recorded first
• Note that for A’s recording to serve as notice to B, it must have taken place prior to the time B purchases the land.
Shelter Rule (Notice Jurisd.)OA
OB(BFP)
A records
BC
Who wins A v. C?• The OA deed is recorded before
C’s purchase so C is not a BFP.
Shelter Rule (Notice Jurisd.)
OA
OB(BFP)
A records
BC
Who wins A v. C? C is not a BFP BUT:
Shelter rule: Subsequent purchaser from BFP stands in shoes of BFP and defeats prior interest– even if not BFP – unless original grantor
WHY?
Shelter Rule (Notice Jurisd.)
OA
OB (BFP)
A records
BC
• Protects title of a BFP from recording or adverse publicity that occurs subsequent to purchase. Otherwise, B couldn’t sell, so victory over A worthless
Ortiz Sells Land to Both Albrecht and Bowen; Flees to Cayman
Islands
Tattler Exclusive:Seller’s Friends Say
Not Surprised.
Buyers Confused, Angry: Who Will Get the Land and Who Will Have to Chase After Ortiz?
Shelter Rule (Notice Jurisd.)Ortiz Albrecht
Ortiz Bowen (BFP)
Massive Publicity on Slow News DayMassive Publicity on Slow News Day
Bowen Chamoff (Actual Notice; Not BFP)
Chamoff wins over Albrecht to give value to Bowen’s interest
CHAIN OF TITLE PROBLEMSProblems in way things are recorded or
indexed that frustrate basic search. If significant enough: – Can mean no record notice– Can mean not “recorded” for purpose of
race-notice
CHAIN OF TITLE PROBLEMS: EXAMPLES (FYI; not tested)
• Documents recorded out of usual order• Document refers to several lots w/o listing
individually (all land owned by X)• Same person referred to by different name on later
document (misspelling or name change(s))
1948 Grant to Elizabeth Taylor
Where do you look in the grantor index going forward?
1948 Grant to Elizabeth Taylor
Where do you look in the grantor index?
1950Elizabeth Taylor Hilton
1948 Grant to Elizabeth Taylor
Where do you look in the grantor index?
1952Elizabeth Taylor Hilton Wilding
1948 Grant to Elizabeth Taylor
Where do you look in the grantor index?
1957: Elizabeth Taylor Hilton Wilding Todd
1948 Grant to Elizabeth Taylor
Where do you look in the grantor index?
1959 Elizabeth Taylor Hilton Wilding Todd Fisher
1948 Grant to Elizabeth TaylorWhere do you look in the grantor index?
1964 Elizabeth Taylor Hilton Wilding Todd Fisher Burton
1948 Grant to Elizabeth Taylor
Where do you look in the grantor index?
1975 Elizabeth Taylor Hilton Wilding Todd Fisher Burton
Burton
1948 Grant to Elizabeth Taylor
Where do you look in the grantor index?
1976 Elizabeth Taylor Hilton Wilding Todd Fisher Burton
Burton Warner
1948 Grant to Elizabeth TaylorWhere do you look in the grantor index?
1991 Elizabeth Taylor Hilton Wilding Todd Fisher Burton Burton Warner Fortensky
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