Acknowledgment - ANS-A Formal certification of a signature
Actual notice - ANS-Knowledge one has gained based on what he seen,heard,read or observed
Adverse possession - ANS-Title may be acquired by hostile,open and notorious,exclusive and
continuous occupancy by one who does not have title
Alienation - ANS-Transfer of conveyance to a title
Allodial System - ANS-Possession of land based on individual ownership
Appurtenant easement - ANS-A type of easement that runs with the land
Attachment - ANS-Seizure of property by court order to insure payment of debt or to have it
available to satisfy a possible judgment
Bi-lateral - ANS-If either party breaks it's promise the other may sue, most common type of
contact
Blanket mortgage - ANS-A single mortgage that includes more than one parcel of real estate as
security
Blockbusting - ANS-Encouraging owners to sell based on entry of minority's into area, refusing
to show property to minorities
CAM
Community Association Managment - ANS-Must complete a 25 hour course of study
Cloud on title - ANS-A burden or problem with title to property
Color of title - ANS-Title that appears to be valid but is not
Common element - ANS-Parts of a condominium where unit owners hold an individual interest
Condemnation - ANS-Taking property by state or eminent domain
Condominium ownership - ANS-Individual fee ownership of portion of a building that has other
similar units
Consideration - ANS-Something of value given in return for the act or promise of another,an
essential element of a contract
Constructive notice - ANS-Recording of documents in the public records
Cooperative ownership - ANS-Ownership in which individuals have share in stock in corporation
that has title to property
Corporation - ANS-Acts as a single entity and takes title in severalty
Datum Plane - ANS-A level of which heights and depths are referred
Decent and distribution - ANS-(Intestate succession) method for distributing assets of a
deceased persons estate or will
Deed in lieu of foreclosure - ANS-Voluntary act by borrower and lender called a friendly
foreclosure
Deed of trust - ANS-Used instead of a mortgage in some states
Deed restriction - ANS-A clause in deed limiting future use of property
Dominant Estate - ANS-Owner of land that has right to use appurtenant easement
Dominant tenement - ANS-The lot that benefits from an easement