Title and Transfer
Terms in this set (16)
A title without any kind of lien or levy from creditors and other parties and poses no questions as to legal ownership.
Ex: an owner of a car with a clear title is a sole undisputed owner, no other party can make any kind of claim to that ownership.
It is meant to protect an owners or a lenders financial interest in real property against loss due to title defects, liens or other matters.
a legal document that is signed an delivered regarding someones property rights.
Court Ordered Sale
a forced sale in an action taken in a cilvil court forcing the owners of a piece of property to sell their property and dived the profits. A forced sale is generally the result of a petition to partition action.
the occupation of land which another person has title with the intention of poession it as ones own.
quiet title suit
lawsuit brought in court having jurisdiction over property disputes , in order to establish a party's title to real property, or personal property having a title, of against anyone and everyone, and thus quiet any challenges or claims to the title.
is the most common form of securing a financing instrument for real estate loans in Ga
Estate at Sufferance
an agreement in which property renter is permitted to live in a property after a lease term has expired, but before the landlord demands the tenants vacate the property.
is a common law doctrine which transfers the property of a person who dies without heirs to the crown or state. It serves to ensure that property is not left in limbo, without recognized ownership
to sell, transfer or convey
Ownership with right of possession and use
Right to legal title upon completion of contact
Bare Legal Title
Ownership without right of possession or use.
known as fact, ( if you tell them )
Inquiry Notice ( there is a way to find out, typically by recording of deed)
Should have investigated ( vacant lot that has a well worn path that should've told you that it was owned or someone has been walking )