Possession of real property against the rights of the owner when possession is open, notorious, and hostile for a statutory time; ownership can be transferred at the end of the time period.
Document transferring real property in which the grantor (seller) guarantees clean title to the grantee (buyer).
Document that transfers the seller's title and interest in real property, under which the taker gets only the interest of the party transferring; contains no warranties. If the transferor has no interest, that is what the transferee takes.
Instrument that evidences a loan and an obligation to repay it; the written evidence of the signer's financial obligation; accompanies a mortgage.
Document pledging real estate as collateral for the repayment of a loan.
Court procedure for repossession and sale of property that has been mortgaged or pledged as collateral for a debt that has not been paid.
Right of Redemption
Right of the Mortgagor who has been foreclosed upon to regain the property upon payment in full of the debt.
Transfer of property ownership to the state when no other heir for the property can be located.
Process by which the government seizes land for public use and pays fair compensation; all actions must abide by due process.
Slow deposit of land mater onto property as a result of water movement or a change in the flow of water.