CHCP Deed Types & Property Conveyance 1

Question 1

Which type of deed provides the greatest protection to the buyer by guaranteeing clear title against all claims, including those from before the seller owned the property?

Accepted Answer

General warranty deed

Answer

A general warranty deed guarantees clear title against all claims throughout the entire history of ownership, not just during the seller's period of possession.

Question 2

A quitclaim deed transfers only the grantor's:

Accepted Answer

Whatever interest the grantor actually holds

Answer

A quitclaim deed conveys only whatever interest the grantor currently holds, with no warranties or guarantees about the quality or completeness of that title.

Question 3

Which deed is most commonly used between family members or to resolve title defects?

Accepted Answer

Quitclaim deed

Answer

Quitclaim deeds are favored in family transfers and title defect corrections because they quickly transfer whatever interest the grantor has without requiring a title examination or warranty.

Question 4

A special warranty deed guarantees the title only against claims arising:

Accepted Answer

During the grantor's period of ownership

Answer

A special warranty deed limits the grantor's warranty to defects that arose only during the grantor's own period of ownership, not from prior periods in the chain of title.

Question 5

Which type of deed is typically issued when property is sold through a court-ordered foreclosure or tax sale?

Accepted Answer

Sheriff's deed

Answer

A sheriff's deed is issued by the court's officer when property is sold through judicial foreclosure or a tax lien sale, conveying whatever title the court has authority to transfer.

(CHCP) Certified Home Closing Professional Practice Test

(CHCP) Certified Home Closing Professional Practice Test

CHCP Deed Types & Property Conveyance 1