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18 Cards in this Set

  • Front
  • Back
Voluntary surrender of a claim or right, such as when a Declaration of Abandonment terminates a homestead.
A brief summary.
Abstract of Judgement
A condensation of the essential provisions of a court judgment.
Abstract of Title
A summary or digest of the conveyances, transfers, and any other facts relied on as evidence of title, together with any other elements of record which may impair the title.
Accelaration Clause
Clause in trust deed or mortgage giving the lender the right to call all sums owing to be due and payable upon the happening of a certain event, such as the sale of the property or failure to pay property taxes.
Acquiring title by having property added to your property.
An addition to land from natural causes as, for example, from gradual action of the ocean or river waters.
Accumulated up to this point in time. Accrued interest, or accrued depreciation.
Accrued Depreciation
The difference between the cost of replacement new as of the date of the appraisal and the present appraised value.
A formal declaration before a duly authorized officer by a person who has executed an instrument that such execution is his act and deed.
43,560 square feet of land.
Actual Notice
Knowledge of the existence of a thing or fact.
Ad Valorem
According to valuation.
The relationship between principal and agent which arises out of a contract, either expressed or implied, written or oral, wherein the agent is employed by the principal to do certain acts dealing with a third party.
One who represents another from whom he has derived authority.
The transferring of property to another; the transfer of property and possession of lands, or other things, from one person to another.
Alienation Clause
Clause in a loan document providing for full payment if property is sold.
ALTA Title Policy
(American Land Title Association) A type of title insurance policy issued by title insurance companies which expands the risks normally insured against under the standard type policy. It is a lender's policy.