Larson Unit 4

Card Set Information

Author:
debado
ID:
223166
Filename:
Larson Unit 4
Updated:
2013-06-09 19:10:39
Tags:
Title Transfer
Folders:

Description:
Title Transfer
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  1. the act of granting real estate ownership
    alienation
  2. the document that conveys title to real estate
    deed
  3. the clause in a deed that names the type of estate being transferred
    habendum
  4. money, promises, or anything of value given in exchange for something else of value
    consideration
  5. the type of deed that is best for the grantee
    general warranty deed
  6. the problem solver deed with no convenants or warranties
    quitclaim deed
  7. ownership recognized by the courts after actual, open, continuous, notorious, hostile possession of anothers land for 7 years
    adverse possession
  8. legal notice through recording a document
    constructive notice
  9. a document that summarizes all recorded documents affecting title to a given parcel of land
    abstract of title
  10. the history of conveyances linking the present owner to the original source
    chain of title
  11. items that are never covered by a title insurance policy
    standard exceptions
  12. title insurance policy that protests the lender and its assigns until the loan is paid in full
    mortgagees policly

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