Legal Terms Chapter 34 - 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; also called alluvion.
Adverse possession
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.
Attachment
Bringing a property under the jurisdiction of the court as security for the debt.
Conveyed
Transferred.
Deed
A formal, written instrument by which title to real property is transferred from one person to another; also called conveyance.
Disseised
Dispossessed.
Divested
Taken away.
Erosion
The gradual eating away of the soil by the operation of currents or tides.
Homestead
Property that is beyond the reach of creditors’ and others’ claims as long as the family uses the property as a home.
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 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 or impression, originally in wax, placed next to the 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 one’s own possession in order to meet the statutory period for adverse possession.
Title
Legal ownership.
Vendee
A purchaser or buyer of property or goods.
Vendor
A person who transfers property or goods by sale.