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Transfer of Title to Real Property

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Term
Definition
Abstract of title   show
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Adverse Possession   show
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Alienation clause   show
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American Land Title Association (ALTA) POLICY A   show
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Bargain and sale deed   show
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Chain of title   show
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show Any document , claim unreleased lien, or encumbrance that may impair the title to real property or make the title doubtful; usually reveled by a title search and removed by either a quitclaim deed or suit to quiet title  
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show A judicial or an administered proceeding to exercise the power of eminent domain, through which a government agency takes private property for public use and justly compensates the owner  
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Conner Act   show
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Constructive notice   show
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Covenant   show
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Deed   show
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Delivery and acceptance   show
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show The right of a government or municipal quasi-public body to acquire property for public use through a court action called condemnation, in which the court decides that the use is a public use and determines fair compensation to be paid to the owner  
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Escheat   show
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show Deed transfer tax paid by the seller and required to be noted on a deed by state law ; the rate is $1 per $500 of sales price  
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General warranty deed   show
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Grantee   show
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Granting clause   show
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show "(1) The property owner that is transferring title to or an interest in real property to a grantee. (2) A borrower in a deed of trust loan transaction; also called trust or  
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show "The condition of a property owner who dies without leaving a valid will. Title to the property will pass to the decedent's heirs as provided in the state law of descent  
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show "A good or clear title, reasonably free from the risk of litigation over possible defects  
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show The act is designed to eliminate obsolete defects in a chain of title. If a chain of title can be traced back for 30 years without a problem, it becomes a marketable title  
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show The state law of descent that dictates distribution of the real and personal property of the deceased that died without a will (intestate)  
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Quitclaim Deed   show
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Recording   show
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Special warranty deed   show
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Title   show
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show "A policy insuring the owner and/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  
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Title search   show
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Will   show
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