Lisa receives a deed to property in Gainesville but discovers it was signed by someone who forged the true owner's signature. She records the deed and sells the property to Mike, who has no knowledge of the forgery and pays fair market value. What is Mike's legal position?
Correct Answer
A) Mike does not own the property because Lisa never had valid title to convey
A forged deed is void and conveys no title. Since Lisa never received valid title from the forged deed, she had nothing to convey to Mike, regardless of his good faith and payment of value. The recording of a void deed doesn't cure the fundamental invalidity. Mike cannot acquire title from someone who never had it. No co-ownership is created - the true owner retains full title.
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Previous Question
Developer ABC Corp. sells a lot in a new Tampa subdivision to the Johnsons using a general warranty deed. Two years later, the city discovers that ABC Corp. never properly acquired title to a 10-foot strip along the rear of the lot from the previous owner. The city threatens to take action against the Johnsons. What recourse do the Johnsons have?
Next Question
In Florida, all of the following statements about quitclaim deeds are true EXCEPT: