Property Ownership, Transfer of Title and Land Use 10.2.3 Flashcards
1
Q
What documents are not recorded?
A
Statutory Liens
Inheritance tax liens
Franchise tax liens
Specific liens; such as:
Real Estate tax liens
Special assessment liens
2
Q
What is chain of title?
A
Chain of Title is a record of a property’s ownership beginning with the original source of ownership and linking the passage of ownership to subsequent owners from one to the next and thus forming a chain.
3
Q
What is the patent?
A
is the original transfer from the government to a private owner.
4
Q
What is root of the title?
A
the beginning of private ownership.