1. Real Estate Principles, 11th Edition
By Charles F. Floyd
and Marcus T. Allen

2. Deeds and Title Examination
Chapter 5
Deeds and Title Examination

3. Deeds
Written document that transfers title (ownership) to real estate from the grantor to the grantee
Necessary Elements of a Deed
Identification of the parties
Consideration given by grantee
Legal description
Specific interest conveyed
Signature of the grantor and witnesses
Delivery of deed required to complete the transfer

4. More on Deeds See Figure 5.1 Warranty Deed
Close-Up “Sleuthing for Transaction Price”

5. Additional Deed Elements
Covenant against encumbrances
Covenant of seisin
Covenant of quiet enjoyment
Covenant of further assurances
Warranty forever

6. Types of Deeds General warranty deed Special warranty deed
See Figure 5.1 Warranty Deed
Special warranty deed
Bargain and sale deed
Quitclaim deed
See Figure 5.2 Quitclaim Deed
Deeds for special uses

7. Title Examination
The process of verifying the ownership rights being offered by the seller of a property
Marketable title
Insurable title
Title perfect of record
Title opinion (more later)
Title insurance (more later)

8. Title Search
Detailed examination of all public records that relates to the ownership history of a property
Recording system
Grantor and grantee indexes
See Close-Up “Title Examination through the Grantor and Grantee Indexes”
Tax records search
Lien search

9. Title Abstract Written compilation of chain of title Title Insurance
Used by attorneys to issue title opinion
Title Insurance
Paid in full when policy is issued
Not transferable
Protects only against past events that were undiscovered during the title search

10. Torrens system A title registration system Title search not needed
Certificate holder transfer certificate to new owner