Chapter 18 Real Estate C

Front 1

quitclaim deed

Back 1

deed that conveys an individual's property rights to another but has none of the covenants of the warranty deed

Front 2

range line

Back 2

a feature of government rectangular survey that separates townships by east and west

Front 3

recording statutes

Back 3

state laws requirin documents that convey an interest in real property to be placed in the public records in order to be binding on the public

Front 4

reliction

Back 4

receding water line that leaves dry land to be added to an adjacent landowner's property

Front 5

section

Back 5

a specifically surveyed and identified square mile within the framework of the rectangular survey system

Front 6

special warranty deed

Back 6

identical to a general warranty deed except that the covenant against encumbrances applies only to the time that the grantor owned the property

Front 7

statute of frauds

Back 7

provision adopted by all states requiring that all deeds, long term leases and mortgages must be in writing to be enforceable. derives from the original Statute of Frauds on 1677

Front 8

testate

Back 8

conveyance of real property upo the death of a property owner in accordance with a will

Front 9

tier line

Back 9

a feature of government rectangular survey that serves to number townships south or north form the baseline

Front 10

title abstract

Back 10

the compilation of all documents summarizing the chain of title into a chronological volume and then given to an attorney for final interpretation

Front 11

title abstract with attorney's opinion

Back 11

traditional evidence of title

Front 12

title insurance

Back 12

insurance paying monetary damages for loss of property from unexpected superior leegal claims or for litigation to protect title. Deemed superior to the traditional abstract with opinion since it offers insurance, in addition

Front 13

title insurance commitment

Back 13

a commitment to issue a title insurance policy

Front 14

title search

Back 14

the task of examining the evidence of title in the public records

Front 15

torrens certificate

Back 15

a rarely used means of providing evidence of title