Escrow & Title
Nebraska's doctrine of 'after-acquired title by estoppel' holds that when a grantor conveys property with a warranty but doesn't own it yet:
AThe deed is void and must be reissued
BTitle passes automatically to the grantee when the grantor subsequently acquires it✓ Correct
CThe grantee must purchase the property again
DThe warranty is void and the grantee has no remedy
Explanation
After-acquired title by estoppel (also called estoppel by deed) means if someone warranties title to property they don't yet own, when they later acquire it, that title automatically passes to the grantee by operation of law.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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