Book Opener

In each case that follows, you be the judge.24. Transferring Interest in PropertyWalter and Emma Barrett jointly executed a warranty deed conveying three lots of land toChandler and Jean Clements as joint tenants with the right of survivorship. Six years later, JeanClements conveyed her one-half undivided interest in the property to Wheeler. Chandler claimedthat Jean could not sell her interest to another person without his approval. Was Chandler correct?Why or why not?Clements v. Wheeler, 314 So.2d 64 (AL).25. Adverse PossessionGeorge Woodruff owned a land lot in Beatrice, Nebraska. For seven years, he planted a vegetablegarden on a vacant lot next to his land, with the owner’s permission. Later, he placed afence about three feet beyond his property line, on the vacant lot. He planted a row of cedartrees on a line appearing to be a continuation of the fence line. Is it possible for Woodruff toobtain title to the three-foot strip of land next to his lot? Why or why not?Hadley v. Ideus, 374 N.W.2d 231 (NE).Confusion AboundsRochelle and Octavio are planning to purchasetheir first home. After reviewing their income anddebt, they believe they can purchase a home in therange of $85,000. Now it is time to researchmortgage loans. Rochelle and Octavio are confusedand have asked you for help.ConnectUsing a variety of search engines, explore the Websites for Fannie Mae and Freddie Mac mortgages.Find out the following information:26. The purpose of Fannie Mae and Freddie Mac.27. The similarities and differences between thetwo organizations.28. Whether Rochelle and Octavio would be ableto secure a mortgage backed by Fannie Mae orFreddie Mac.29. Predict Why do you think people considerhome ownership the “Great AmericanDream”?30. Connect Do you plan to own a house oneday? Why or why not?31. Question Do you think you would be ableto obtain a mortgage while you are still inhigh school?32. Respond How would you feel if thegovernment decided to take your landfor public use? Is that really fair?Chapter 34: Buying a Home 749