Asked by Chase Coley on Apr 28, 2024
Verified
Yi Seul buys a house from Jackson but does not record her ownership interest. Later, Jackson dishonestly sells the same house to Eva who had checked ownership at the courthouse but saw no mention of Yi Seul. After she paid Jackson, Eva recorded her property interest at the courthouse. Eva, who thought that Yi Seul was renting the house from Jackson, then wrote to Yi Seul asking her to move. Who is entitled to the house? What do you believe ethically should be done, assuming Jackson cannot be found?
Marketable Title
A property title free from significant encumbrances or disputes, making it attractive for sale or transfer.
Ownership Interest
A legal or equitable claim in property, providing the holder with certain rights, such as use, enjoyment, and control.
- Comprehend the significance and methodology of documentation in property law and its impact on the transference of property ownership.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
In many states, Eva would have ownership of the house because she recorded her interest first. Responses on the ethics issue will vary.
Learning Objectives
- Comprehend the significance and methodology of documentation in property law and its impact on the transference of property ownership.