Albert Wilson is the owner in fee of a parcel of improved real estate located at 1 Main Street, Middletown, Frontier County, USA. It is a single-family residence, located in an R-1 (residential 1 family house) zone, and served by city water and sewer. The house was built in 1944.
Robert Brown and Alice Brown, his wife, are entering into a contract to purchase the property. The sale price is $200,000. The Browns will tender $10,000 as down payment upon signing (earnest money) and pay an additional $10,000 within 20 days of contract signing. The couple is seeking a 30-year conventional mortgage of $180,000, at the current rate, which is 5.5%.
The Browns have already sold their house and expect to close on or before Month Day, 20xx, which is 90 days from the anticipated date of the contract with Mr. Wilson.
The metes and bounds description of the real property is as follows: A parcel of land located at the NW corner of the intersection of Beck Road and Main Street in the township of Middletown, New Frontier County, USA and further described as commencing at the point of the beginning, then N 2 ° 0 ‘ 0” W – 110.50 feet, then N 88 °0’,0 “ E – 78 feet, then N 2 ° 0’ 0 ‘W – 63.50 feet, then S 82°0’0” E – 145.00 feet, then S 13°44’40” W – 185.83 feet, then N 82°0’0” W – 173.00 feet, to the point of beginning, and including 0.717 acres.
Assume that the property Mr. Wilson is selling to Mr. and Mrs. Brown has a rich vein of coal. Mr. Wilson intends to mine the coal for the next three years. Using the metes and bounds property description and the template provided, prepare a deed from Albert Wilson, who is single, to Robert and Alice Brown. Click here to review and download the template.
On a separate page, cite all sources using the Bluebook format.
