What are the 2 main types of Deeds? Under what circumstance do you use them. Who are the parties? What warranties are implied with each of the types?…

1. What are the 2 main types of Deeds?  Under what circumstance do you use them. Who are the parties? What warranties are implied with each of the types? ( 20 points)
2. What are five types of concurrent ownership? List and define what the requirements for each one are. ( 20 points )
3. What are the two types of escrow process? What are the differences between the two. Which area of the state are each of the processes used. ( 20 points )
4. What is a proration? What is a Debit? What is a Credit? Please provide an accounting sample. ( 20 points )

5. Define escrow, who is involved and what happens in the process (20 points)

California Real Estate Escrow and Title