Section 7: Title to Real Property and Deeds Flashcards
Deed & more deeds; Transferring Title to Real property
The person receiving the title.
GRANTEE
A recorded deed proves that the previous property owner (grantor) conveyed the property to the person named as the grantee on the deed.
Purpose of a Deed
The person who transfers the title.
GRANTOR
Which of the following statements would you see in the granting clause?
A) To warrant forever and defend
B) Do hereby grant and convey
C) I hereunto set my hand and official seal
D) To have and to hold
Do hereby grant and convey
Required to effect a transfer of title by deed.
DELIVERY & ACCEPTANCE
An oath by a subscribing witness, such as a notary public, that the grantor’s signing of the deed is a voluntary act.
ACKNOWLEDGEMENT
Used in California to convey title, which contains implied warranties that the seller (grantor) has the right to convey the property and has not otherwise encumbered the property.
It is the most common.
GRANT DEED
Court-ordered deed to satisfy a judgment
SHERIFF’S DEED
Conveys ownership in property with only love and affection as considerations.
GIFT DEED
Used to convey property to a trustee for the beneficiary named in the deed
DEED OF TRUST
Releases any rights of the grantor to the property to the grantee, but does not offer any warranties or imply any interest in the property.
QUITCLAIM DEED
Provides the strongest and broadest form of guarantee of title.
WARRANTY DEED
Grantor has legal capacity to convey the title and has the title to convey.
RIGHT TO CONVEY
included in Warranty Deed
Grantor holds the title specified in the deed.
SEISIN
included in Warranty Deed
No encumbrances against the title, except those in public record.
AGAINST ENCUMBRANCES
included in Warranty Deed