Title Flashcards

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0
Q

Adverse Possessor claims ownership of land.

A

Claim Of Right

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1
Q

Means of aquiring title where occupant of land has been in actual, open, notorious, hostile, exclusive & continuous possession of property for required statutory period of time.

A

Adverse Possession

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2
Q

Adverse Possessor claims title under written conveyance of the property by operation of law from another person claiming title under written conveyance.

A

Color of Title. (ie: occupies land with false deed thinking deed is real.)

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3
Q

Upon death of a person who is tenant in severally or tenant in common, his interest would be ____________, whether he does restate or intestate.

A

Probated

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4
Q

Testator

A

Died leaving a will

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5
Q

Persons receiving ownership of real property through valid will

A

Devisees

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6
Q

Lawsuit to determine an resolve all adverse claims of ownership of property

A

Quiet Title

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7
Q

Squid ion of easement through adverse use

A

Prescription

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8
Q

A court order that requires the sheriff to sell property is a writ of ___________.

A

Execution

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9
Q

__________ foreclosure would terminate the property owners rights and give the title to the creditor.

A

Strict foreclosure

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10
Q

A non judicial foreclosure is allowed when the mortgage or deed or trust has a _______ __ ______ provision

A

Power of Sale

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11
Q

Property owner’s right to buy back the property by paying off entire debt within a specific time period after foreclosure.

A

Statutory right of Redemption

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12
Q

Contract for deed often includes provision allowing for _________ of vendee’s interest if vendee defaults.

A

Forfeiture

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13
Q

First grant in chain if title issued by the government.

A

Patent

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14
Q

Transfer or conveyance if title to real property to another.

A

Alienation

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15
Q

A developer may be required to turn over land in a proposed subdivision for public use through _________ __________.

A

Statutory Dedication

16
Q

May be paid for loss in value to the portion of a property not taken through condemnation.

A

Severance Damanges

17
Q

Two elements of Eminent Domain are:

A
  • Public Use

- Fair Compensation

18
Q

Right to keep title by paying off the entire debt prior to date of the foreclosure.

A

Equitable Right of Redemption

19
Q

Terminates owners rights an causes the property to be sold by sheriff to the highest bidder

A

Foreclosure & Sale (most common cases)

20
Q

Testate

A

Death with will

21
Q

Intestate

A

Death without will

22
Q

Person receiving ownership of real property through a valid will

A

Devisees

23
Q

Persons receiving personal property

A

Legatees

24
Q

Instrument used to dispose of a persons property (estate) upon death.

A

Will

25
Q

Handwritten will by testator with no witness.

A

Holographic will (accepted in some states.)

26
Q

Prior to death the will is _________, meaning it can be changed.

A

Ambulatory

27
Q

Probate is the process by which a court:

A
  • collects the deceased assets.
  • pays the legal claims of creditors.
  • distributes the remainder of his estate to those entitled to it.
28
Q

Passes any interest to the signer may have in the property, but does not tie him to any warrenty.

A

Quitclaim Deed

29
Q

Adverse possessor claims title under Wittenberg co trance of the property or by operation of law from another person claiming title under a written contract. (Ie: owner believes false title to be true)

A

Color of title

30
Q

Dies intestate an property passed I heirs.

A

Transfer of title by descent.