Escrow & Title
In North Dakota, a 'sheriff's deed' is issued when:
AA property owner applies for a homestead exemption
BA property is sold through judicial foreclosure; the sheriff conveys title pursuant to court order✓ Correct
CThe county purchases property for a park
DA title defect is discovered post-closing
Explanation
In North Dakota's judicial foreclosure process, when a mortgage is foreclosed through the courts and the property is sold at a sheriff's sale, the purchaser receives a sheriff's deed conveying whatever title the borrower had in the property.
Related North Dakota Escrow & Title Questions
- A North Dakota title company's preliminary title report (title commitment) shows a judgment lien. Before closing, this lien must be:
- In North Dakota, 'constructive notice' through recording means:
- RESPA (Real Estate Settlement Procedures Act) prohibits:
- A general warranty deed provides the buyer with:
- A North Dakota special warranty deed differs from a general warranty deed in that the grantor:
- In North Dakota, a 'buyer's market' affects closings because:
- Which of the following is TRUE about recording a deed?
- In North Dakota, 'marketable title' means:
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