Kinds Of Deeds Flashcards

1
Q

General Warranty Deed

A

Most commonly used in Hawaii and offers the purchaser greatest protection. The deed is granted free from defects that existed before grantor acquired the title

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Special Warranty

A

A deed in which grantor guarantees title to property with no warranty on it. Defects that came up during grantors ownership will pass along as well but not before

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Quitclaim

A

A deed that has no warranties and holds the least protection for the purchaser. Often used to remove Clouds of Title

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Bargain and Sale Deed

A

Holds no warranties like quitclaim, implies grantor has marketable title. Holds no covenants

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Sheriff’s Deed

A

Deed used when property is sold to satisfy judgement

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Commisioner’s Deed in Forclosure

A

Judicial action of foreclosing on the mortgage of an owners property

How well did you know this?
1
Not at all
2
3
4
5
Perfectly