Conveying Title Flashcards
The grantor owns the title specified in the deed.
Covenant of seisin:
Which type of deed contains the strongest and broadest form of guarantee of title?
Full covenant and warranty deed (a.k.a. general warranty deed)
In which type of deed does the grantor imply good title and possession of the property, even though the deed does not contain assurances for the period prior to the grantor’s ownership?
Bargain and sale deed
Which deed warrants that the grantor received title and there were no encumbrances other than those noted?
Special warranty deed
Which deed states that the grantor disavows any claim of ownership and makes no warranties as to the quality of the title?
Quitclaim deed
Which deed conveys real property from a decedent’s estate to a buyer?
Executor’s deed
Which deed is used in bankruptcy proceedings and foreclosures (this document is given to the highest bidder at the foreclosure sale)?
Referee’s deed
What is used to convey real estate to a trustee who holds the deed for the beneficiary named in the deed?
Deed in trust (deed of trust)
How many covenants are there in a warranty deed?
6
The six covenants of the warranty deed
What are seisin, right to convey, against encumbrances, quiet enjoyment, further assurances and warranty?
Which covenant says that the grantor holds title to the property as specified in the deed?
Covenant of seisin
Which covenant says that the grantor has the legal capacity to transfer title and has the title?
Covenant of right to convey
Under which covenant does the grantor assure the grantee that there are no known liens or restrictions on the property that are not already part of public record or the deed itself?
Covenant against encumbrances
Under which covenant does the grantor assure that the grantee will not be disturbed in the use of the property because of a title defect passed on by the grantor?
Covenant of quiet enjoyment
Under which covenant does the grantor agree to perform any acts necessary to correct any defect in the title being conveyed?
Covenant of further assurances