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Exam (elaborations)

Nj Real Estate Transfer Of Title Questions With Correct Answers

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NJ REAL ESTATE TRANSFER OF TITLE QUESTIONS WITH CORRECT ANSWERS

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Used where the consideration is love and affection and their is no expectation of
monetary payment. May not be enforceable by the grantee since no monetary
payments were made.


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Gift deed




recipient of property


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devisee

, When property is burdened by the claim, lien, or charge of someone other than the
legal title owner.


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encumbrance




Considered the most desirable for a grantee to be granted because it provides the
most protection.


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Full covenant and warranty deed aka General warranty deed or simply
warranty deed.




used to convey title to the decedent's real estate and contains only a covenant
against the grantor's acts.


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executors deed




Judgement in foreclosure that may provide for the property be sold to the highest
bidder.


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