What is true about a referee's deed?

A referee's deed is indeed a legal instrument that is executed to satisfy a judgment in court. In the context of Colorado law, it is commonly used in foreclosure proceedings or other situations where a court has directed the transfer of property to enforce a financial judgment. The referee, often a court-appointed official, facilitates the transfer of title to ensure compliance with the court’s orders, thereby providing clarity and a legal basis for the new ownership of the property.

This understanding is crucial because it clarifies the context in which a referee's deed is relevant. Unlike voluntary transfers, which are typically executed through traditional deeds like warranty or quitclaim deeds, a referee's deed comes into play in more contentious circumstances, underscoring that the transfer is not a mutual agreement but rather a decision enforced by the legal system to resolve a dispute. This distinguishes it from other options, as mediation is not a requisite step in this process, nor does the deed signify either voluntary transactions or the rejection of a will, which pertain to different aspects of property and estate law.