Flash Cards - Real Estate Principles.pdf - Abandonment Accession Abstract Of Judgment Accretion Abstract Of Title Acknowledgment Acceleration Clause

Flash Cards - Real Estate Principles.pdf - Abandonment...

This preview shows page 1 - 3 out of 164 pages.

Abandonment: Accession: Abstract Of Judgment: Accretion: Abstract Of Title: Acknowledgment: Acceleration Clause: Acquisition Cost: Acceptance: Acre: 1a
Image of page 1
The process of manufactured or natural improvement or addition to property. Giving up possession or ownership of property by nonuse, usually accompanied by some affirmative act, such as removing one's belongings from an apartment. a. Accession by natural forces, such as alluvion. (Real Estate Principles). b. Accession by natural forces, such as alluvion. (Real Estate Practice). c. The gradual buildup of land by natural causes (generally by action of water). (Real Estate Law). d. Land buildup resulting from the deposit by natural action of sand or soil washed up from a river, lake, or sea. (Fundamentals of Real Estate Appraisal). a. Document stipulating the outcome of a legal action, which can be filed in any county where the judgment debtor has property. (Real Estate Principles). b. A statement from the court of the judgment. When recorded, it becomes a general lien on all of the debtor's property in the county where recorded. (Real Estate Law) a. A formal declaration made before an authorized person by a person who has executed a written instrument, stating that the execution of the instrument is the person's own act. (Real Estate Principles , Real Estate Practice). b. A notarization on a legal document attesting to the validity of the signatures affixed thereto. (Real Estate Finance). c. A statement made before a notary or court officer that the signing of a document was the signer's own free act. (Real Estate Law). d. A declaration of an act to give it legal validity; the signature of a person executing a legal document is acknowledged by the signor to the notary or official who verifies the signature. (Fundamentals of Real Estate Appraisal). a. A summary or digest of all recorded transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title to show continuity of ownership and indicate any possible impairments to title.A summary or digest of all recorded transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title to show continuity of ownership and indicate any possible impairments to title. (Real Estate Principles). b. A summary or digest of all recorded transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title to show continuity of ownership and indicate any possible impairments to title. (Real Estate Practice). c. A copy of all recorded documents dealing with a property. Attorneys give title opinions based on abstracts. (Real Estate Law). For FHA-insured loans, the price to procure property, including purchase price and all nonrecurring closing costs, including discount points, FHA application fee, service charge and credit report, FHA appraisal, escrow, document preparation, title insurance, termite inspection, reconveyance, and recording fees.
Image of page 2
Image of page 3

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture