Ch 33 Acquiring Title to Real Property Flashcards
Accretion
any gradual addition to the soil made by nature, such as the gradual accumulation of soil on land next to a stream, caused by the action of water
Adverse Possession
title to real property obtained by taking actual possession of its openly, notoriously, exclusively, under a claim of right, and continuously for a period set by statute
Alluvion
any gradual addition to the soil made by nature, such as the gradual accumulation of soil on land next to a stream, caused by the action of water
Attachment
the act of taking or seizing property by the use of writ, summons, or other judicial order and bringing it into the custody of the court so that it may be applied toward the defendants debt if the plaintiff wins the case
Convey
to transfer
Conveyance
a formal, written instrument by which title to real property is transferred from one person to another
Deed
a formal, written instrument by which title to real property is transferred from one person to another
Disseised
dispossessed
Divested
taken away
Erosion
the gradual eating away of the soil by the operation of currents or tides
Foreclose
to shut out, bar, or terminate
Homestead Act
1862 anyone who was at least 21 years old and who had never taken up arms against the U.S. to get up to 160 acres of public, undeveloped land.
Infancy
under the age of majority
Mortgagee
one who lends money and takes back a mortgage as security for the loan
Mortgagee’s Foreclosure Sale
a sale of real property that terminates all rights of the mortgagor in the property covered by the mortgage
Mortgagor
one who borrows money and gives a mortgage that is pledges property to the lender as security for the loan
Record Owner
the person who appears to be the owner of the property according to the records at the registry of deeds
Reliction
the gradual recession of water, leaving land permanently uncovered
Right of Redemption
the right to take property back. a statutory right to redeem the property even after a foreclosure sale.
Seal
a mark, impression, the word seal, or the letters L.S. placed on a written contract next to a party’s signature
Seisin
possession of a freehold
Sheriff’s Sale
a sale of property at public auction conducted by a sheriff
Tacking
the addition of a previous occupants possession to ones own possession in order to meet the statutory period for adverse possession
Vendee
a purchaser or buyer of property or good
Vendor
a person who transfers property or goods by sale