deeds

Question 1

Deed

elements

Answer 1

1. be in writing
2. be signed by the grantor
3. identify the grantor and grantee
4. contain words of conveyance
5. describe the property
   * names must be filled out deed is void until this is done

Question 2

General Warranty Deed

Answer 2

provides the most title protections warrants against any defects in the grantors title.

Question 3

Special Warranty Deed

Answer 3

warrants only against defects caused by acts or omissions of the grantor

Question 4

Quit Claim Deed

Answer 4

grantor does not warrant that he owns the property or that he has property. merely conveys whatever right, title , or interest the grantor may have in the property.

Question 5

description of the land

Answer 5

Physical: metes and bounds
or
survey, plat, or adress

Question 6

Present Covenants

Answer 6

1. covenant of seisin
2. covenant of right to convey
3. covenant of further assurances

Question 7

Future Covenants

Answer 7

1. covenants of warranty
2. covenant of quiet enjoinment
3. covenant of further assurances

Question 8

covenant of seisin

Answer 8

warrants that the grantor is the owner of the estate described in the deed

Question 9

covenant of right to convey

Answer 9

warrants that the grantor has the legal rights to transfer title

Question 10

covenant against encumbrances

Answer 10

warrants that there are no encumbrances

Question 11

covenants of warranty

Answer 11

grantors promise to defend the grantees title against the claimants

Question 12

covenants of quiet enjoyment

Answer 12

warrants the grantees possession and enjoyment of the property will not be described by anyone holding superior title

Question 13

covenants of further assurances

Answer 13

is a promise that the grantor will execute any additional document and take any other actions that are reasonably necessary

Question 14

Title Insurance

Answer 14

1. title to the state is actually held by someone else other than the insure owner
2. defect, lien, or encumbrances on owners title
3. title to the land is unmarketable
4. no right of access to land
   * defects not shown in the public records but known by the insurer aren’t covered

Question 15

3rd party delivery

Answer 15

is the only type of conditional delivery available deed is given to a third party who hands over the deed when the condition is made.