Exam 34: Acquiring Title to Real Property

Real property owners may gain additional land when adjoining water permanently recedes.

Match the terms with their descriptions: -Mortgagee

Match the terms with their descriptions: -Sheriff's sale

In some states, clear record title by adverse possession may be had by simply filing a(n) ________ with the proper office.

Any addition to the soil made by nature is called reliction.

To obtain clear title, the buyer of tax title property must petition the court to terminate the former owner's right of redemption.

How may real property be sold?

What happens to the proceeds of the mortgagee's foreclosure sale?

Real property may be acquired by inheritance.

In all states, title to real property transfers automatically to an owner's heirs after the owner's death.

What circumstances may give the true owner a longer time to regain possession of the premises claimed by adverse possession?

Adverse possession is a doctrine developed at statutory law.

Match the terms with their descriptions: -Seal

When a person dies owning real property, what may happen to title to the decedent's property?

Discuss the process for a taxing authority to take title to real property.

Real property may be acquired by sale on ________.

Under what circumstances might municipalities take real property?

An accumulation of possession of real property by different occupiers who are not record owners is called ________.

Define a deed, identify parties to a deed and requirements of a valid deed.

In some states, when people die owning real property with others as tenants in common, title to the property vests in their heirs by ________ of law.