Deeds Flashcards
types of deeds
1) quit claim
2) general warranty deed
3) special warranty deed
quitclaim deed
the seller quits their claim. Any claim the seller may have goes to the buyer. The seller makes so representations or warranties of title
special warranty deed
contains warranties only against the grantors acts but not the acts of others
General warranty deed
contains warranties against the grantor’s own acts and acts of others. Any claim of paramount title, the seller will defend
statute of limitations to a special warranty deed
begins to run at the moment the deed is conveyed
statute of limitations to a general warranty deed
begins to run on the future covenants when there is a breach (interference with possession)
in order for a deed to be a legally effective conveyance is must contain?
a) who the grantor and grantee are
b) words of grant
c) description of the land involved
d) signature of the grantee