What is fee simple feasible?
For example, in a title theory state a mortgage is a conveyance in fee. Statutory language in the mortgage document prevents the grantee (bank) from taking possession unless there is a default. If the mortgage is paid in full the fee reverts back to the mortgagor. In another example a grantor/farmer may convey a small parcel subject to the condition that the grantee enclose it and install utility lines within two years or the property will revert to the grantor.
