Escrow & Title
What is the purpose of a grant deed in California?
ATo transfer title from one party to another with implied warranties✓ Correct
BTo pledge property as collateral for a loan
CTo create an easement
DTo release a lien
Explanation
A grant deed is the most common deed used in California to transfer title. It contains two implied warranties: (1) the grantor has not previously conveyed the property to anyone else, and (2) the property is free from undisclosed encumbrances made by the grantor.
Related California Escrow & Title Questions
- A grant deed in California contains which of the following implied warranties?
- Which of the following best describes 'title insurance'?
- What does 'escrow' mean in a California real estate transaction?
- What is 'chain of title'?
- Which of the following liens would have PRIORITY over a previously recorded first mortgage in California?
- What is a 'preliminary title report' (prelim)?
- In California, escrow is considered 'closed' when:
- An abstract of title differs from a title insurance policy in that an abstract:
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