Legal Terms Chapter 34 - Acquiring Title to Real Property Flashcards

1
Q

Accretion

A

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; also called alluvion.

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2
Q

Adverse possession

A

Title to real property obtained by taking actual possession of it openly, notoriously, exclusively, under a claim of right, and continuously for a period set by statute.

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3
Q

Attachment

A

Bringing a property under the jurisdiction of the court as security for the debt.

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4
Q

Conveyed

A

Transferred.

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5
Q

Deed

A

A formal, written instrument by which title to real property is transferred from one person to another; also called conveyance.

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6
Q

Disseised

A

Dispossessed.

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7
Q

Divested

A

Taken away.

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8
Q

Erosion

A

The gradual eating away of the soil by the operation of currents or tides.

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9
Q
A
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10
Q

Homestead

A

Property that is beyond the reach of creditors’ and others’ claims as long as the family uses the property as a home.

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11
Q

Infancy

A

Under the age of majority.

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12
Q

Mortgagee

A

One who lends money and takes back a mortgage as security for the loan.

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13
Q

Mortgagee’s foreclosure sale

A

A sale of real property that terminates all rights of the mortgagor in the property covered by the mortgage.

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14
Q

Mortgagor

A

One who borrows money and gives a mortgage, that is, pledges property to the lender as security for the loan.

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15
Q

Record owner

A

The person who appears to be owner of the property according to the records at the registry of deeds.

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16
Q

Reliction

A

The gradual recession of water, leaving land permanently uncovered.

17
Q

Right of redemption

A

The right to take property back; a statutory right to redeem the property even after a foreclosure sale.

18
Q

Seal

A

A mark or impression, originally in wax, placed next to the party’s signature.

19
Q

Seisin

A

Possession of a freehold.

20
Q

Sheriff’s sale

A

A sale of property at public auction conducted by a sheriff.

21
Q

Tacking

A

The addition of a previous occupants’ possession to one’s own possession in order to meet the statutory period for adverse possession.

22
Q

Title

A

Legal ownership.

23
Q

Vendee

A

A purchaser or buyer of property or goods.

24
Q

Vendor

A

A person who transfers property or goods by sale.