CHAPTER 13 Flashcards
A RECORD OF ALL RECORDED DOCUMENTS THAT EFFECT TITLE TO A PARTICULAR PROPERTY
ABSTRACT OF TITLE
DIRECT KNOWLEDGE OF FACTS
ACTUAL NOTICE
THAT WHICH IS KNOWN, HAVING BEEN TOLD
ACTUAL NOTICE
A RECORD OF SUCCESSIVE TRANSFERS OF TITLE FROM ONE OWNER TO THE NEXT CONTINUING FROM THE BEGINNING TO THE LAST CONVEYANCE
CHAIN OF TITLE
NOTICE GIVEN BY RECORDING DOCUMENTS IN THE PUBLIC RECORDS, THE LAW PRESUMES ONE COULD KNOW UPON DILIGENT INVESTIGATION
CONSTRUCTIVE NOTICE
TITLE SUFFICIENT TO CONVINCE A PURCHASER WOULD BE REASONABLE FREE FROM THE RISKS OF LITIGATION OR DEFECTS
MARKETABLE TITLE
A LEGAL PROCESS WHERE A COURT WILL DETERMINE THE VALIDITY OF ANY WILL, THE ASSETS OF THE ESTATE AND WHO WILL INHERIT PROPERTY
PROBATE
THE ACT OF PLACING A DOCUMENT IN THE PUBLIC RECORD
RECORDING
A POLICY INSURING THE BUYER AGAINST LOSS OF TITLE
TITLE INSURANCE
THE EXAMINATION OF PUBLIC RECORDS TO DETERMINE THE CHAIN OF TITLE OR TITLE DEFECTS
TITLE SEARCH
AN OWNERSHIP INTEREST IN TIME SHARE
TIME SHARE ESTATE