Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
13 Cards in this Set
- Front
- Back
|
Title |
The right to, or ownership of, land. Also refers to the proof or evidence of ownership of land such as a deed |
|
|
Ownership |
includes the right of possession, occupancy, use, enjoyment, and disposition of real property. |
|
|
Alienation of a title |
refers to any change in the ownership. involves transferring ownership of rights or interest in real property from one person to another |
|
|
3 Types of Titles: |
Legal Title Equitable Title Bare Legal Title (Naked Title) |
|
|
Types of Titles: Legal Title |
the right of ownership, possession, use, occupancy, and enjoyment of a parcel of real property held by an owner. |
|
|
Types of Titles: Equitable Title |
the interest in a piece of real estate held by a buyer under a real estate sales contract, or a contract for deed, to obtain absolute ownership of the property at a future date Legal title still held by seller |
|
|
Types of Titles: Bare Legal Title (aka Naked Title) |
describes title that lacks the usual rights and privileges associated with ownership. |
|
|
Notice |
putting the work "on record" as to the ownership of real property |
|
|
3 Types of Notice |
Actual notice Constructive notice Inquiry notice |
|
|
Types of Notice: Actutal Notice |
an individual has seen , or been given, actual information or documents |
|
|
Types of Notice: Constructive Notice |
legal notice, means that information has been made available to the public |
|
|
Types of Notice: Inquiry Notice |
Legal notice that is presumed by law when factors exist that would make reasonable person inquire further |
|
|
Title Records |
include all documents affecting title, interests, and rights to real property, are maintained in every city and county in the US |
