Property Description. Ch . # 3 Nc

Front 1

Element of Valid Deed:

Back 1

Is an accurate, acceptable, legal description of the land being conveyed.

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Legal Description:

Back 2

Is an exact way of describing real estate in a contract, deed, mortgage, or another doc, that will be accepted by a court of law.

Front 3

Four Basic Methods of Describing Real Estate:

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1. Gov't survey - not used in nc so don't worry bout it.
2. metes and bounds:
3.Ambiguity:
4. Reference to any doc. that is recorded:

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Metes and Bounds:
P.O.B.

Back 4

Primary way to describe prop. in NC.
Starts at point of begining goes around perimeter of prop. and ends back at P.O.B. Uses calls to get around prop.

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Calls:

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Uses distance, directions, and monuments.
Starts at North or South

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Monuments:

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Are fixed objects used to establish real estate boundaries.

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Ambiguity:

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is a description with two diffent parts:
Latent: or long--- is a lengthy description of prop. that COULD validate the deed.
2. PATENT: or poor-- Not enough info, doesn't have specific prop. onfo. Will NOT validate

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Reference to a recorded plat:

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Best if used for subdividers or condos when using lot # and most used by them for daily use. They use lot and block numbers. Reference to as plat

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Plat Map:

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Is the first step in subdividing land is the prep. of the plat map. It is the visual of the way you want that condo to be layed out

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survey

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The process by which boundaries are measured and land areas are determined. The on site measurement of lot lines, dimensions and positions of house on a lot, including exsisting encroachments or easements are all taken into determinging