Purposes of Quitclaim, Trustee's & Sheriff's Deeds

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Lisa purchases real estate at a nonjudicial foreclosure. What type of deed will she likely receive?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. Martin purchases property at a sheriff's sale and receives a sheriff's deed. The defaulting borrower is able to reclaim the property by paying the foreclosure sale price through ____.

2. Which of the following conveys an interest in real estate?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz and Worksheet

The worksheet and corresponding lesson will help you understand the details and uses of various types of deeds. The quiz will check your ability to identify the types of deeds covered in the lesson.

Quiz and Worksheet Goals

Use the quiz and worksheet combo to assess your knowledge on:

  • Deed a purchaser would want
  • When a borrower in default pays the foreclosure price
  • A deed from a nonjudicial foreclosure
  • Interest in real estate
  • Covenants for title

Skills Practiced

  • Reading comprehension- ensure you draw the most important information from the related lesson on the types of deeds
  • Defining key concepts- ensure that you can accurately identify terms relating to different deeds
  • Knowledge application- use you knowledge to answer questions about characteristics of different types of deeds

Additional Learning

To learn more about the different types of deeds, view the accompanying lesson called Purposes of Quitclaim, Trustee's & Sheriff's Deeds. The lesson covers the following topics:

  • The different levels of protection for purchasers under each deed
  • Important similarities and differences amongst the deed types
  • The concepts of covenants of title and right of statutory redemption
Support