Term
| --- is a contract to transfer any interest in land must be in writing to be enforceable. |
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| Term where the seller must transfer ---, which is a title free from any defects or encumbrances. |
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| Rule where the seller is not liable for any undiscovered defects |
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| Term where a formal document transferring any type of interest in land. |
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Term
| Warranty, Special Warranty, Quitclaim, are all types of: |
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Term
(1)be written (2)contain certain words of conveyance and a description of the property (3)end with the signature of the grantor, a seal, and an acknowledgment before a notary public (4)be delivered.
Are all requirements that --- must have |
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Definition
| (1)be written (2)contain certain words of conveyance and a description of the property (3)end with the signature of the grantor, a seal, and an acknowledgment before a notary public (4)be delivered. |
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| (1)a debt or obligation to pay money (2)an interest of the creditor in specific property that secures performance (3)the debtor's right to redeem the property (remove the security interest) by paying the debt. are part of a: |
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| Term meaning an interest in land created by a written document that provides security to the mortgagee (secured party) for payment of the mortgagor's debt. |
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| Term meaning an interest in real property which is conveyed to a third person as trustee for the benefit of the creditor. |
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Term
| The purchaser of mortgaged property becomes personally liable to pay the debt. (T/F) |
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Term
| the purchaser is personally liable to pay the debt, but the property remains subject to the mortgage (T/F) |
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Term
(1) To redeem property by payment of debt
(2) To possess general rights of ownership as limited by mortgage
Are rights to which person:
A. Debtor/Mortgagor
B. Creditor/Mortgagee |
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Term
(1) To recover amount of debt
(2) To foreclose the mortgaged property upon default to satisfy debt
Are rights to which person:
A. Debtor/Mortgagor
B. Creditor/Mortgagee |
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Term
| Acquisition of title to land by open, continuous, and adverse occupancy for a statutorily prescribed period. |
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| Principal method of public control over private land use; involves regulation of land but may not constitute a taking of the property. |
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| Zoning ordinances may be reviewed to determine if they are invalid or a confiscation of property by whom |
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Term
| The power of a government to take (buy) private land for public use. |
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Term
| Authority delegated to local authorities by statutes is known as --- |
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Term
| Private restrictions on property contained in a conveyance |
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Term
| Restrictive Covenants bind to the original parties but not subsequent owners of the property. (T/F) |
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