Questions and Correct Answers (Verified
Answers) | New Update 2026/27 | Graded A+
Title - ANSWERS The right to, ownership of land.
Alienation of title - ANSWERS any change of ownership
THREE TYPES OF TITLES - ANSWERS LEGAL TITLE
EQUITABLE TITLE
BARE LEGAL TITLE
legal title - ANSWERS The right of ownership possession,use,occupancy,and
enjoyment of a parcel of real property held by an owner.
Equitable Title - ANSWERS The interest in a piece of a real estate held by a
buyer under a real estate sales contract, or a contract for a deed, obtain absolute
ownership of the property at a future
Special Warranty Deed - ANSWERS A deed in which the grantor warrants only
against claims that arise from his ownership
, Right of Survivorship - ANSWERS The right whereby a surviving joint tenant
gains sole title to the property
Junior Lien - ANSWERS A lien whose claim upon the asset is subordinate to
another lien. The order of priority is usually established according to date of
recordation.
indefeasible title - ANSWERS Title which is guaranteed by the court under the
Torrens system or registered land system
Grant, Grantor, Grantee - ANSWERS To transfer the title to real property by
deed
The grantor is the person making the transfer;
the grantee is the recipient.
Grantee/Grantor Index alphabetically lists documents in public recorders office
according to grantees or grantors.
freehold - ANSWERS An interest in real property of a life estate or greater
Trust Deed - ANSWERS An instrument held by a third party as security for the
payment of a note. Unlike a mortgage, a trust deed has a power of sale, allowing
the trustee to foreclose non-judiciary.
Title Theory State - ANSWERS A state where the mortgage lender has title to
the property until the debt is repaid