Chpt. 7 Transfer Of Title Flashcards
The transfer of title by gift or sale
Voluntary alienation
A written instrument by which an owner intentionally conveys the right, title, or interest in a parcel of real estate to some one else
Deed
The person who transfers title
Grantor
The person who acquired title by gift or sale
Grantee
A statement of the intention to convey property by deed
Granting clause
A formal declaration, made before a notary public, that the person who is signing the deed is doing so voluntarily and that the signature is genuine
Acknowledgement
A covenant in a deed that warrants that the grantor is the owner of the property and has the rights to convey it
Seisin
A guarantee in a deed that the grantee’ title will be good against any third party who might bring legal action to establish a superior title
Quiet enjoyment
A conveyance by deed from a trust or for the benefit of a beneficiary
Deed in trust
A type of deed that warrants only that the grantor received title and that the property has not been encumbered during the grantors’ ownership
Special warranty
A deed that contains no express warranties against encumbrances but implies that the grantor hold title and possession of the property
Bargain and sale
A deed that contains no covenants, warranties, or implications and that provides the least amount of protection of any deed
Quitclaim
A conveyance by deed from a trustee to anyone other than the trustor
Trustee’s deed
A conveyance by deed from trustee to trustor
Reconveyance deed
The transfer of title without the owners’ consent
Involuntary alienation
Having prepared a will indicating how property is to be disposed of after death
Testate
The gift of real property by will
Devise
The person who makes a will
Testator
A formal judicial process to confirm a will’s validity and to see that assets are distributed correctly
Probate
The right to and evidence of, ownership of land
Title
