Chp 13 Title Records

Card Set Information

Chp 13 Title Records
2013-08-14 14:48:42
Real Estate

Real Estate
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  1. The condensed history of a title to a particular
    parcel of real estate, consisting of a summary of the original grant and all
    subsequent conveyances and encumbrances affecting the property and a
    certification by the abstractor that the history is complete and accurate.
    Abstract of title
  2. Express information or fact; that which is
    known; direct knowledge.
    Actual notice
  3. A facts concerning the at an attorney has
    examined and has certified to be, in his or her opinion, an accurate statement
    of the fact concerning the property’s ownership.
    Attorney’s opinion of title
  4. A statement of opinion on the status of the
    title to a parcel of real property based on an examination of specified public
    Certificate of title
  5. The succession of conveyances, from some
    accepted starting point, whereby the present holder of real property derives
    Chain of title
  6. Notice given to the world by recorded documents.
    All people are charged with knowledge of such documents and their contents,
    whether or not they have actually examined them. Possession of property is also
    considered constructive notice that the person in possession has an interest in
    the property.
    Constructive notice
  7. Good or clear title, reasonably free from the
    rish of litigation over possible defects.
    Marketable title
  8. The order of position or time. The priority of
    liens is generally determined by the chronological order in which the lien
    documents are recorded; tax liens, however, have priority even over previously
    recorded liens.
  9. The act of entering or recording documents
    affecting or conveying interests in real estate in the recorder’s office
    established in each county. Until it is recorded a deed or mortgage ordinarily
    is not effective against subsequent purchasers or mortgages.
  10. A court action in tended to establish or settle
    the title to a particular property, specially when there is a cloud on the
    Suit to quiet title
  11. A policy insuring the owner or mortgagee against
    loss by reason of defects in the title to a parcel of real estate, other than
    encumbrances, defects, and matters specifically excluded by the policy.
    Title insurance
  12. The examination of public records relating to
    real estate to determine the current state of the ownership.
    Title search