Methods of Transferring Title Flashcards
There are several ways that title to property can be transferred. These include transfer by: (4)
Descent
Will
Involuntary alienation
Voluntary alienation
alienation vs conveyance
The act of transferring title from one party to another vs.transfer of title is put in writing (with a deed)
To transfer real property by will is to…
devise
what happens if the deed says that a co-owner inherits the property, but the will says that the property goes to a different heir?
a will cannot overrule the survivorship clause in a deed.
In North Carolina, the statutory adverse possession time required is
seven years under a color of title claim and 20 years without. (Color of title means there is a recorded document appearing to convey title, but it is not legally valid.)
Through escheat, the decedent’s ownership interest in any property is…
transferred directly to the state without their consent.
Alienation refers to…
the process of a property owner giving or selling the title of their property to another party
condemnation is…
taking of property through eminent domain