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25 Cards in this Set
- Front
- Back
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General of Warranty Deed |
Contains all 5 covenants. Greatest protection for the grantee. Most liability for Grantor. (TYPICAL) |
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Special Warranty Deed |
One covenant deed Grantor promises that there IS NOT an encumbrance on the title. Can't make the 5 promises. Buyer does due diligence "Sharer's Deed" |
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Bargain & Sale Deed |
-Contains no covenants -No Warranties -Does not imply ownership |
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Quit Claim Deed |
Conveys whatever rights & interests are held by the grantor |
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Gift Deed |
Any deed where the consideration, is good consideration b |
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Correction Deed |
Added to correct a previous deed. |
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Voluntary Deed ( Deed in Lieu) |
Added instead of foreclosure |
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Dedication |
When someone deeds their property to a nonprofit for a public benefit. |
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Dedication |
When someone deeds their property to a nonprofit for a public benefit. |
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Will |
Instructions left o convey real or personal property upon one's death. **MUST BE PROBATED** |
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Devise |
Gift of real estate (by will) |
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Bequest or Legacy |
Gift of personal property (by will) |
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Executor |
Personal rep: person named in the will to carry out the instructions. |
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Administrator |
Court appointed position |
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Holograph will |
Entirely handwritten & not witnessed. |
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Nun-Cupative Will |
Oral or spoken (personal, not real estate) |
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Nun-Cupative Will |
Oral or spoken (personal, not real estate) |
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Codicil |
An amendment to an existing will. |
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Nun-Cupative Will |
Oral or spoken (personal, not real estate) |
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Codicil |
An amendment to an existing will. |
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Testate |
Someone who has died WITH a will. |
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Nun-Cupative Will |
Oral or spoken (personal, not real estate) |
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Codicil |
An amendment to an existing will. |
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Testate |
Someone who has died WITH a will. |
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Intestate |
Someone who died WITHOUT a will |
