REE 3043 Study Guide - Quiz Guide: Warranty Deed, Title Search, Title Insurance
Document Summary
Deed- a special written contact for conveying a permanent interest in real property. Must be in writing to be upheld by a court. Doesn"t need to be of legal age. Three methods acceptable for public record: metes and bounds. Unacceptable descriptions include street address and tax parcel number. Delivery: observable, verifiable intent that the deed is to be given to grantor. Deed found in a desk/ safety deposit box and handed to named grantee. Grantor"s attorney hands deed to named grantee without explicit instructions to do so. No deed conveys rights that the grantor does not have. General warranty deed: all 3 covenants: seisen, no encumbrances and quiet enjoyment (private sale) Special warranty deed: all 3 covenants but no encumbrances is limited to grantor"s ownership (corporation deed) Deed of bargain and sale: no covenants, but still is regarded as implying ownership (never used in fl)
