Real Estate Chpt 9
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-cho t-9 -
129 0 8 442
__ M eans ownershi p T i tl e
T he ri ght to gai n ownershi p i nterest i n the f uture E qui tabl e T i tl e
Ownershi p by physi cal possessi on Actual noti ce
Legal noti ce achi eved by recordi ng documents i n publ i c records Constructi ve noti ce
, Real Estate Chpt 9
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-cho t-9 -
129 0 8 442
T i tl e i n f ee si mpl e that i s f ree f rom l i ti gati on and def ects enabl i ng the owner to
M arketabl e, merchantabl e or cl ear ti tl e
sel l to a reasonabl e prudent person f or f ai r market val ue
Created by a search of the publ i c records that resul ts i n a ti mel i ne of recorded
Chai n of ti tl e
documents l i nki ng past owners of a parcel of l and f rom root of ti tl e to present day
An abstract made by ti tl e i nsurance compani es that compi l es copi es of the
T i tl e pl ant
documents f rom publ i c records
When a attorney conducts a revi ew of an abstract of ti tl e and renders an wri tten
An opi ni on of ti tl e
opi ni on i t's cal l ed
, Real Estate Chpt 9
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-cho t-9 -
129 0 8 442
T i tl e def ects i s ref erred to as a Cl oud on ti tl e
Provi des f i nanci al protecti on agai nst l osses sustai ned as the resul t of def ecti ve
T i tl e i nsurance
ti tl e
A mortgagee l ender's ti tl e i nsurance pol i cy i s ___ i f the l oan i s sol d T ransf erabl e
T ransf erence of ownershi p f rom one party to another i s cal l ed Al i enati on of ti tl e
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-cho t-9 -
129 0 8 442
__ M eans ownershi p T i tl e
T he ri ght to gai n ownershi p i nterest i n the f uture E qui tabl e T i tl e
Ownershi p by physi cal possessi on Actual noti ce
Legal noti ce achi eved by recordi ng documents i n publ i c records Constructi ve noti ce
, Real Estate Chpt 9
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-cho t-9 -
129 0 8 442
T i tl e i n f ee si mpl e that i s f ree f rom l i ti gati on and def ects enabl i ng the owner to
M arketabl e, merchantabl e or cl ear ti tl e
sel l to a reasonabl e prudent person f or f ai r market val ue
Created by a search of the publ i c records that resul ts i n a ti mel i ne of recorded
Chai n of ti tl e
documents l i nki ng past owners of a parcel of l and f rom root of ti tl e to present day
An abstract made by ti tl e i nsurance compani es that compi l es copi es of the
T i tl e pl ant
documents f rom publ i c records
When a attorney conducts a revi ew of an abstract of ti tl e and renders an wri tten
An opi ni on of ti tl e
opi ni on i t's cal l ed
, Real Estate Chpt 9
Study this set o nline at: https://www.cram.co m/flashcards/real-estate-cho t-9 -
129 0 8 442
T i tl e def ects i s ref erred to as a Cl oud on ti tl e
Provi des f i nanci al protecti on agai nst l osses sustai ned as the resul t of def ecti ve
T i tl e i nsurance
ti tl e
A mortgagee l ender's ti tl e i nsurance pol i cy i s ___ i f the l oan i s sol d T ransf erabl e
T ransf erence of ownershi p f rom one party to another i s cal l ed Al i enati on of ti tl e
