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A process whereby the owner, with the approval of the lender, deeds the property to the lender to avoid foreclosure. Lenders are generally reluctant to accept a “deed in lieu” unless the title is free and clear of any other encumbrances junior to theirs and the owners execute an estoppel affidavit acknowledging that they are acting ...
The process whereby constructive notice of the interest one has in real property is given to the world is called: recording. Recording gives constructive notice of an interest in the real property, whereas actual notice refers to an individual's actual knowledge of an unrecorded interest.
Mar 4, 2024 · Index Lease. A lease tied to an index such as the Consumer Price Index. Land Lease. land lease--also called a ground lease--is a lease agreement that permits the tenant to use a piece of land owned by the landlord in exchange for rent. Study with Quizlet and memorize flashcards containing terms like Lease, Covenant, Security Deposit and more.
Study with Quizlet and memorize flashcards containing terms like Which of the following protects against defects in a title? a. Homeowner's insurance. b. Private mortgage insurance (PMI). c. Owner's title insurance. d. FHA mortgage insurance (MIP)., What is the most common way to determine if there are any encumbrances related to a particular piece of property? a. Obtain a certificate of title ...
Question: ___________ is the process whereby the property of a private owner is taken for use by the public a) Necessity b) Dedication c)Condemnation d) Grant. There are 2 steps to solve this one.
Aug 14, 2023 · Exposing a confidential informant's identity can have serious legal implications, as it may jeopardize ongoing investigations and put the informant at risk. In many jurisdictions, revealing the identity of a confidential informant without proper authorization can be considered a crime or a violation of court orders.
A condensed list of all owners of record of a particular parcel of real property is known as: Study These Flashcards. A. abstract of title. Study Chapter 3 Transfer of Title to Real Property flashcards from Rosie Rodriguez's class online, or in Brainscape's iPhone or Android app. Learn faster with spaced repetition.
