Question
After becoming best friends during their time in business school, Antonio and Jesse enter into a deal for Antonio to buy Jesse's 4 bedroom Craftsman
After becoming best friends during their time in business school, Antonio and Jesse enter into a deal for Antonio to buy Jesse's 4 bedroom Craftsman home in Los Angeles for $1,000,000. They put their deal in writing through a purchase and sale agreement and have their brokerages run title reports on the property. After receiving the title report, it turns out that Jesse only owns half of the property, and Jesse's sister Frances owns the other half.
If Antonio and Jesse both want to proceed with the sale with Antonio owning half of the house, what type of deed should the parties sign, and who should sign it?
Group of answer choices
Grant Deed; Jesse
Quitclaim Deed; Jesse
Warranty Deed; Jesse and Antonio
Grant Deed; Jesse and Frances
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started