transfer of title to real property
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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| Abstract of Title | show 🗑
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| show | The Open, Continuous, Exclusive, Adverse, Notorious possession of another's land under a claim of title. Possession for a statutory period of 20 years in North Carolina may be a means of acquiring title.
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| Alienation | show 🗑
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| show | Owner's title insurance policy that protects the owner against title defects not found in public records.
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| Chain of Title | show 🗑
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| show | A defect on a deed that is frequently cured by a quitclaim deed.
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| Condemnation | show 🗑
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| show | NC law that requires many types of real estate documents to be recorded for protection against claims from third parties.
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| Constructive Notice | show 🗑
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| Covenant | show 🗑
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| Deed | show 🗑
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| show | Actual delivery of the deed by the grantor and either actual or implied acceptance by the grantee.
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| Eminent Domain | show 🗑
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| Escheat | show 🗑
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| Excise Tax | show 🗑
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| show | This deed offers greater protection than any other deed, is the best deed for the grantee, but gives the grantor the greatest degree of liability.
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| show | The one who receives title
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| Grantor | show 🗑
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| Granting Clause | show 🗑
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| Intestate | show 🗑
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| show | A title that is free of liens and encumbrances, defects, and protects purchaser from hazard of litigation and is convincible legally significant.
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| Marketable Title Act | show 🗑
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| show | The State law of descent that dictates distribution of the real and personal property of the deceased that died without a will.
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| show | A non-warranty deed that provides the grantee with the least protection of any deed. It carries no covenant or warranties and conveys only such interest, if any, that the grantor my have when the deed is delivered.
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| Recording | show 🗑
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| show | A conveyance that carries the warranty that the property was unencumbered by the grantor who also warrants he or she received title to the property.
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| Title | show 🗑
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| show | A contract by which the insured is compensated against any losses sustained as a result of defects in a title.
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| show | The examination of all public records that might affect a title
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| show | Instrument made by a property owner to convey title to real and personal property on the owner's death
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Created by:
whitwill
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