Session 17

Question 1

The instrument is used to reconvey title back to the trustor once debt is paid in full

Answer 1

Deed of Reconveyance

Question 2

A deed originating from a trustee that transfers to anyone other than a trustor

Answer 2

Trustee’s Deed

Question 3

A deed that conveys interest in real property to a beneficiary designated by the owner and transfers upon owners death

Answer 3

Beneficiary Deed

Question 4

executed when one spouse acquires real property and holds title as separate property from other spouse

Answer 4

Disclaimer Deed

Question 5

voluntary transfer, or transfer as a condition of subdivision approval of private property by owner to public for come public use.

Answer 5

Dedication Deed

Question 6

given at sheriff’s sale in foreclosure of a mortgage. giving of deed begins Statutory Redemption period

Answer 6

Sheriff’s Deed

Question 7

transfers ownership of real property free and clear of all liens. issued in a tax sale

Answer 7

Treasurer’s Deed

Question 8

land patent name given to the legal instrument, by which the government passes fee simple title of Government land to private persons which can be passed on to individual’s heirs

Answer 8

Patent Deed

Question 9

Transfer by gift or by sale during someone’s lifetime.

Answer 9

Voluntary Alienation

Question 10

Transferred without the owners consent

Answer 10

Involuntary Alienation

Question 11

Dying without a will and no heirs, property will pass to state within specified period of time.

Answer 11

Escheat

Question 12

Right of government to take privately held property for benefit of public use through process called condemnation

Answer 12

Eminent Domain

Question 13

Property is sold to satisfy an outstanding debt.

Answer 13

Foreclosure

Question 14

Right to claim another’s land when there is actual, visible, hostile, notorious, exclusive, and continuous use for required period time.

Answer 14

Adverse Possession

Question 15

dying with a will and having heirs

Answer 15

Testate

Question 16

maker of the will

Answer 16

Testator

Question 17

real property left in a will

Answer 17

Devise

Question 18

the party receiving real property through the will

Answer 18

Devisee

Question 19

personal property left in a will

Answer 19

Bequest

Question 20

money left in a will

Answer 20

Legacy

Question 21

the person name in the will to oversee the provisions

Answer 21

Executor

Question 22

a female executor

Answer 22

Executrix

Question 23

appointed by the courts when no executor is name in the will

Answer 23

Administrator

Question 24

a will prepared in handwriting by the testator

Answer 24

Holographic Will

Question 25

an amended will

Answer 25

Codicil

Question 26

a verbal will

Answer 26

Nuncupative Will

Question 27

5 Covenants of General Warranty Deed

Answer 27

a. covenant of seisin b. covenant against encumbrances c. covenant of quiet enjoyment d. covent of further assurance e. covenant of warranty forever

Question 28

Grantor has title and possession and legal right to convey property

Answer 28

covenant of seisin

Question 29

Grantor warrants property if free from all liens and encumbrances except those already stated

Answer 29

covenant against encumbrances

Question 30

Grantor guarantees the title is good against third parties who feel they have claim

Answer 30

covenant of quiet enjoyment

Question 31

Grantor will furnish any instrument needed to make sure title is good

Answer 31

covenant of further assurance

Question 32

Grantor guarantees title and will reimburse the grantee for any interest lost in future

Answer 32

covenant of warranty forever

Question 33

judicial process to confirm the validity of will. determines precise assets of deceased person and people whom assets pass to

Answer 33

Probate

Question 34

notice by inquiring into public records regarding facts about property

Answer 34

Constructive Notice

Question 35

notice is having first hand knowledge by actually inspecting property

Answer 35

Actual Notice

Question 36

an encumbrance or claim on title that may impact an owner's title on property

Answer 36

Cloud on title

Question 37

History of property ownership.

Answer 37

Chain of title

Question 38

Condensed history of all recorded documents relating to the property.

Answer 38

Abstract of title