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7 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Abstract of Title |
History of parcel title. Summary of public records (ownership transfers, divisions of ownership interests, liens, encumbrances). Usually accompanied by certificate stating time period covered. No standard form or presentation. |
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Acceleration Clause |
"alienation clause" Mortgage balance due immediately. |
In mortgage document |
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Accrued Item |
Prorated costs owned by a seller that are constantly accruing (property taxes) and will become responsibility of buyer upon closing. To handle expenses fairly. |
Closing |
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Action to Quiet Title |
"suit to quiet title" "quiet-title action" A legal proceeding attempting to establish ownership when a real or potential defect in title exists because of a lien or other encumbrance. |
Legal |
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Actual Aurhority |
The express or implied authority that a principal gives an agent in an agency relationship. |
Agent |
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Actual Damages |
Compensation given to an injured party for proven injuries or losses that resulted from another party's actions or omissions. |
Legal |
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Actual Notice |
Communication given directly to |
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