Title of Real Estate Sales
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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show | mortgage lien
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show | writ of execution
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show | use-value assessment
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show | personal easement in gross
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The method by which the court gains custody of a deed to assure that the collateral will not be sold without satisfaction of a court ordered judgment | show 🗑
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show | party wall easement
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A specific, involuntary lien placed against real property for the purpose of securing a debt. The lien may be placed by those who perform labor, furnish material or professional services in the improvement of real estate. | show 🗑
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show | gap endorsement
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show | easement
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A title which is free from defects and encumbrances and may be transferred to another party. | show 🗑
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show | easement by necessity
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An instrument by which some estate or interest in land is transferred from one person to another, such as a deed, mortgage, lease, or contract for sale. | show 🗑
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show | gap period
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show | specific lien
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show | transfer fee
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The landowner who grants or serves the right to use their land to another in an appurtenant easement. | show 🗑
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A claim on all property, both real and personal, owned by an individual. | show 🗑
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show | chain of title
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show | priority of liens
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show | appurtenant easement
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The legal right to the possession of property. It implies that the title owner has acquired the property and the bundle of legal rights which accompany ownership. | show 🗑
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show | warranty deed
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A break in the chain of title, such as when the records do not reflect any transfer to a particular grantor. | show 🗑
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Knowledge which the law presumes a person has, as in the case of documents which have been recorded as a matter of public record. | show 🗑
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show | suit to quiet title
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show | easement by condemnation
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show | personal representative's deed
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show | ad valorem
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A claim or encumbrance that would affect or burden an owner's title to real estate. | show 🗑
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An opinion by a person competent in examining title, usually an attorney, as to the status of the record title of a property. | show 🗑
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show | quitclaim deed
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show | judgment lien
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To advance upon, or trespass upon the property of another as in the extension of some improvement or object across the boundary of a neighboring tract. | show 🗑
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A document which transfers ownership of title. | show 🗑
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show | commercial easement in gross
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The official decision of a court regarding the rights and obligations of the parties to a suit. | show 🗑
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show | dominant tenement
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show | recording
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show | lis pendens
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A way of acquiring a legal right to use the property of another by demonstrating long-term use of that property in an open, notorious, hostile and continuous manner. | show 🗑
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show | title insurance policy
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A condensed history of the title to a particular piece of real estate showing, in chronological sequence, matters such as conveyances, liens, and encumbrances which have been recorded against the title in the office of the register of deeds or other public recording place. | show 🗑
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show | lien
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A tax placed against property owners in the area of the improvement such as new curbs and gutters. | show 🗑
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The determination by the state of the property's worth, for property tax purposes. Assessed value is usually a percentage of the appraised value. | show 🗑
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Created by:
lisahale782006
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