A grantor may try to "hide an asset" by transferring ownership to a "nonexistent grantee." This is an unlawful attempt, so a deed that does this is "void." Sometimes, people use "fictitious names" for a legal reason, but if a deed is obtained with false information it is "voidable," not "void" from the start.
These are questions that the above text answers:
1. What is the consequence of a grantor attempting to hide an asset by transferring ownership to a nonexistent grantee?
2. How is a deed obtained with false information classified?
3. What is the difference between a void deed and a voidable deed?
4. When is a deed considered void?
5. What is the legal status of a deed obtained through unlawful attempts to hide assets?
6. Can a grantor use fictitious names for a legal reason?
7. What happens to a deed that is obtained with false information?
8. Under what circumstances is a deed considered voidable?