Chapter 5 Green Book

Front 1

this implies that the grantor holds title and possession but includes no express warranties

Back 1

bargain and sale deed

Front 2

has 3 warranties

grantor received title; property was unencumbered by the grantor; grantor will defend the title for his period of ownership.

Back 2

special warranty deed

Front 3

this deed contains no express or implied covenants; it conveys whatever interest the grantor has, if any, on that given day

Back 3

quitclaim deed

Front 4

the deed and the contract must be in writing and signed in order to be enforceable in a court of law.

Back 4

Statue Of Frauds

Front 5

an assurance or guarantee that everything is true as stated.

Back 5

Warranty

Front 6

change of ownership of any kind, Example; escheat, foreclosure

Back 6

alienation of title

Front 7

what are some examples of real estate appurtenance

Back 7

right of way, easements, water ways, condominium parking stalls, and improvements to land.

Front 8

limits the grantors (givers) responsibility to the time they owned the property. it is somewhat narrower than a warranty deed in terms of covenants and warrants

Back 8

Grant Deed

Front 9

in California and surrounding states us what kind of deed instead of a grant deed? responsible for the encumbrances of prior owners as well as their own.

Back 9

warranty deed

Front 10

part of the word of conveyance, "to have and to hold"

Back 10

habendum clause

Front 11

grantor(giver) state that he signed the deed on the date noted. declaration in the document my read "In witness where of the parties hereto set their hands and seal"

Back 11

testimony clause

Front 12

this deed is created by simply recitation of money and other valuable consideration with the statement love and affection as the consideration

Back 12

gift deed

Front 13

gift deed is most offend used in what two deeds?

Back 13

quitclaim deed and a bargain and sale deed because these permits the grantor to avoid committed to any warranties regarding the property.

Front 14

what is a guardians deed & how many conveys does it have?

Back 14

conveys the miners interest in real property. one conveys that the miner has not encumbered the property.

Front 15

what transfers title from the grantor(giver) to the grantee(receiver)

Back 15

deed

Front 16

what is found in a deed and is used to show ownership?

Back 16

title

Front 17

is the best type of deed for the grantee(receiver/buyer) to receive because it binds the seller to covenant back to the origins of the property. It contains all five convents and warrants.

Back 17

general warranty deed or a warranty deed

Front 18

when are special warranty deeds used?

Back 18

executors and trustees because the executors and trustees has no authority to defend the acts of previous owners.

Front 19

what can a quitclaim deed be used for?

Back 19

it removes a cloud on the title; or remove existing easements; release remainder and reversion interest; used to convey title

Front 20

what are some example of a cloud in the title?

Back 20

due to inheritance, dower, curtesy, or community property rights,

Front 21

what deed has no legal recourse against the grantor should a title defect is found in the future.

Back 21

quitclaim deed has no legal action

Front 22

what is a quitclaim used for

Back 22

to correct an error in a deed or release an interest in the property