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Old 02-04-2008, 07:32 PM
gldskr's Avatar
gldskr gldskr is offline
Practice Makes Perfect
 
Join Date: Sep 2005
Location: Arizona state
Posts: 433
JG

You seem to be hung up on private property vs. real estate. They are one and the same, provided the transaction has been done properly. With a clear understanding of what land is, maybe real estate won't be the bogeyman you imagine it to be.

As correctly stated in Black's, the land is one thing, an estate in land is another. The land exists in perpetuity. It is not dirt, water and trees, but a concept delineated by the reality of its four corners. It cannot be the subject of any sale,trade or purchase as it can only be given freely.

Real estate is the proper term for the conveyance of that which lies upon the land. It is completely possible for one to have absolute ownership in real estate. It is also a certainty that one's estate in land is for a limited time only. That, however, does not diminish ones absolute ownership, provided one has a 100% interest.

Quote:
Originally posted by JG
Most if not all of the myriad realty law gibberish is not applicable to private property, absolutely owned, by an individual.
Of course not, but it does apply to entities and that is how 99% of all real estate transactions transpire. As you correctly stated, statutes are directory only. When you enter the statutory world, jurisdiction comes into play, one that is contractual in nature.

Absolute ownership can only exist in one jurisdiction. As long as you continue to confuse apples and oranges, your conclusions will always resemble fruit salad.

gldskr
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