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12 Cards in this Set
- Front
- Back
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Voluntary alienation |
Transfer of title is accomplished with the owner's control and consent and owner May transfer Title by making a gift or selling the property |
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Deed |
A written instrument used to convey an interest in real property conveys legal title |
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Will |
A legal instrument used to convey title to real and personal property after a person's death |
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Testate |
Deceased person prepare to will before death |
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Descent |
When a person dies intestate without leaving a will all the property of the deceased person owned the time of death passes to the deceased person's legal descendants |
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Es cheat to the state |
Provides for a government to take property of an owner who dies intestate and who has no known errors in title to receive the property |
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Adverse possession |
When the true owner of record fails to maintain possession and property is seized by another |
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4 ways to transfer title to property by involuntary alienation |
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Adverse possession may be attained after how many years |
7 or more consecutive years |
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Two types of notice to Legal title |
Actual notice Constructive notice |
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Two types of title insurance |
Oowners policy Lenders policy |
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Parts of a deed |
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