Delivery of a Deed May Be Made by Giving It

question 35

True/False

Delivery of a deed may be made by giving it to a third party to hold until the grantee performs certain conditions.

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Definitions:

Purchase Price

The amount of money paid to buy a good, service, or asset.

Foreclosure by Power of Sale

A method of foreclosure that allows a lender to sell the property without court supervision once a borrower defaults on mortgage payments.

Mortgagee

The creditor to whom property has been mortgaged to secure the performance of an obligation.

Expressly Conferred

Specifically granted or bestowed upon an individual or entity, often through formal or legal means.