Escrow & Title
A grant deed in states that use it differs from a warranty deed in that a grant deed:
AProvides no warranties
BImplies only that the grantor has not previously conveyed the property to another✓ Correct
CContains the same covenants as a general warranty deed
DIs not used in Alabama
Explanation
A grant deed (used in some states) implies the grantor has not previously conveyed the property to someone else and that the property is free of encumbrances made by the grantor.
Related Alabama Escrow & Title Questions
- A buyer who takes title without knowledge of a prior unrecorded deed has what type of protection under Alabama's recording statutes?
- Which document in a real estate closing sets forth all credits and debits for buyer and seller?
- In Alabama, deeds are recorded in the:
- The doctrine of merger in real estate means that upon closing:
- A deed recorded in Alabama that is later determined to have been forged:
- A 'gap' in title refers to:
- When real estate closing costs are prorated, the standard method used in most Alabama transactions is:
- The covenant of warranty in a general warranty deed means the grantor:
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