Escrow & Title
In North Dakota, a 'sheriff's deed' is typically issued in connection with:
AA voluntary sale by the property owner
BA court-ordered judicial foreclosure sale or execution sale to satisfy a judgment✓ Correct
CA transfer of government-owned property
DA property donation to a nonprofit organization
Explanation
A sheriff's deed is issued by a county sheriff pursuant to a court order following a judicial foreclosure or execution sale. It conveys the title with no warranties from the grantor.
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- When a North Dakota deed is delivered but not recorded, the transfer of title between grantor and grantee is:Escrow & Title
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- In North Dakota, a 'warranty of title' in a general warranty deed means the grantor will defend the title against:Escrow & Title
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
EasementA non-possessory right to use another person's land for a specific purpose.
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