![]() ![]() While the vast majority of conveyances of real property are private grants through a deed,there are multiple ways in which voluntary conveyance can occur without a deed. If the lender accepts a voluntary conveyance of title or a voluntary surrender of the property, the notice of default and acceleration under § 201.50(b) shall not be required. If a will dictates the distribution of the decedent's real property, the property is said to be conveyed by: A.patent B.devise C.the law of descent D.dedication. the Torrens System is not recognized by title insurance companies. the Torrens System requires prior approval of a transaction before it can be registered. title is conveyed only when conveyance is registered on the title certificate. ![]() The lender may accept voluntary surrender of the property without satisfaction of the borrower's obligation, provided that if the lender intends thereafter to submit a claim under its contract of insurance, the lender shall acquire title to or ownership of the property and then dispose of and sell the property in compliance with State and local law, so as to assure that it can assign a valid and enforceable obligation, including any deficiency against the borrower, to the Secretary when submitting its claim. The Torrens System differs from other title recording systems in that. A voluntary conveyance by Lessor to a public utility, governmental agency, or authority under threat of a taking under the power of eminent domain in lieu of formal proceedings, is a taking under this Article. Fraudulent and Voluntary Conveyances Writings Necessary to Be Recorded 55.1-400. The lender may accept a voluntary conveyance of title to or ownership of the property securing a manufactured home loan which is in default, provided that (a) the lender accepts the conveyance in full satisfaction of the borrower's obligation, and (b) no claim is submitted under its contract of insurance. Sample 1 Remove Advertising Voluntary Conveyance. Void fraudulent acts bona fide purchasers not affected Virginia Law Code of Virginia Code of Virginia Table of Contents Title 55.1. ![]() Forms and title clearance and loan closing requirements which are specific for any individual state must be obtained from the agency State Office for that state. In In re Vandervell’s Trusts (No 2), Megarry J explained resulting trusts, drawing a distinction between presumed resulting trusts and automatic resulting trusts. § 201.52 Acquisition by voluntary conveyance or surrender. 5 : 1927.53 Costs of title clearance and closings of transactions. ![]()
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