Transfer Of PropertyInvestmentEASY
If a buyer and seller decide to rescind a deal after the deed has been recorded, the buyer is to:
Correct Answer
C) record a cancellation of the transaction.
After recording, parties must execute a new deed to reverse the transfer.
Answer Options
A
record a deed of reconveyance.B
return the deed to the seller in exchange for consideration.C
record a cancellation of the transaction.D
provide a new grant deed to the seller.Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
property-recording-systemsdeed-types-and-usesreal-estate-closing-processes
Key Terms:
recorded deedrescissionchain of titleconstructive noticeCalifornia recording law
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