UNIT 6 TRANSFER OF TITLE

Question 1

ACKNOWLEDGEMENT

Answer 1

A formal declaration made before a duly authorized person such as a notary.

Question 2

ADVERSE POSSESSION

Answer 2

Open, notorious, hostile, and continuous possession of another’s land under a claim of title.

Question 3

BARGAIN AND SALE DEED

Answer 3

A deed that carries no warranties against liens or other encumbrances but imply that the grantor has the right to convey title.

Question 4

DEED

Answer 4

A written instrument that conveys title to or an interest in real estate.

Question 5

DEED OF TRUST

Answer 5

An agreement between a lender and a borrower to give the property to a neutral third party who will serve as a trustee.

Question 6

DEVISE

Answer 6

A transfer of real property by will.

Question 7

GENERAL WARRANTY DEED

Answer 7

A deed where a grantor promises to clear title. Offers the greatest protection of any deed.

Question 8

GRANTEE

Answer 8

A person who receives a transfer of real property.

Question 9

GRANTING CLAUSE

Answer 9

Words in a deed of conveyance that state the grantor’s intention to convey the property.

Question 10

GRANTOR

Answer 10

The owner transferring title to or an interest in real property to a grantee.

Question 11

HABENDUM CLAUSE

Answer 11

The part of the deed beginning with the words “to have and to hold” defining the extent of ownership the grantor is conveying.

Question 12

INTESTATE

Answer 12

The condition of a property owner who dies without leaving a will.

Question 13

INVOLUNTARY ALIENATION

Answer 13

The act of transferring a property to another involuntarily through eminent domain or adverse possession.

Question 14

PROBATE

Answer 14

A legal process by which a court determines who will inherit a decedent’s property.

Question 15

QUIT CLAIM DEED

Answer 15

A deed that transfers whatever interest the grantor has without warranties or obligations.

Question 16

RECONVEYANCE DEED

Answer 16

A deed used by a trustee under a deed of trust to return title to the trustor.

Question 17

SPECIAL WARRANTY DEED

Answer 17

A deed that warrants the grantee the title against defects arising during the period of the grantor’s tenure and ownership.

Question 18

TESTATE

Answer 18

Having made and left a valid will.

Question 19

TESTATOR

Answer 19

A person who has made a valid will.

Question 20

TITLE

Answer 20

The right or evidence of ownership.

Question 21

TRANSFER TAX

Answer 21

Tax imposed on the transfer of title to property from one entity to another.

Question 22

TRUSTEE’S DEED

Answer 22

A deed to be executed by a person serving as a Trustee in their appointed capacity.

Question 23

VOLUNTARY ALIENATION

Answer 23

The transfer of property to another voluntarily such as a sale or by inheritance.

Question 24

WILL

Answer 24

A written document providing transfer of title to property owned by the deceased, called a testator.