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CH. 10 Flashcards The gradual addition of land as a result of movement by streams or rivers is calledAccretionAlluvionAvulsionReliction Accretion Which method of legally describing parcels of real estate is also called the recorded plot system?Metes and boundsRectangular survey systemLot and blockNone of the above None of the above Which of the following is NOT a process by which involuntary alienation occurs?Death of the ownerGovernment eminent domainLender foreclosureAdverse possession Death of the owner Acceptance by the granteeallows for the title to be searched.certifies the grantor.allows for the title to validate the deed.allows for a deed to convey title.allows for a deed to convey title.If an individual dies with a will, the person has diedIntestate.Testate.Probate.Involuntary alienation.Testate.What is important to know about a full covenant and warranty deed?It is the deed most used in real estate transfers and offers the greatest protection of any deed. With this type of deed, the grantor gives certain covenants or warranties that promise the grantee will have ownership of the property that is unchallenged.What is a range when legally describing parcels of real estate?The north-south area between consecutive meridiansThe east-west area between two parallelsThe area enclosed by the intersection of two consecutive meridians and two consecutive parallelsThe area of land where deer and buffalo roam The north-south area between consecutive meridians What does the phrase "dedication by deed" mean? When a subdivision developer turns the subdivision road or the common ground in the subdivision over to the local government, he or she does so by what's known as dedication or dedication by deed.Transfer of title to real estate is calledProperty sale.Alienation.Eviction.Foreclosure.Alienation.Define the terms accretion and avulsion. Accretion is the gradual addition of land by alluvial deposits of soil.Avulsion is the sudden loss of land as a result of its being washed away.What does the granting clause of a deed do? It expresses the grantor's present desire and intention to transfer legal title of a piece of real property to the grantee.A quitclaimcan be used to transfer a title.is illegal in New York.can remove a cloud from the title.transfers ownership to a third party.can remove a cloud from the title.
What action is necessary for a title to a property to pass to the grantee?It is necessary for the deed to be delivered to and accepted by the grantee for title to pass.What happens if a person dies intestate? If there are heirs, the estate will pass to them according to title by descent or the state's laws of succession. If there are no heirs, the estate will go to the state or county after all claims and debts have been settled.What situations require a legal description? A legal description is required for:Public recordingCreating a valid deed of conveyance or leaseCompleting mortgage documentsExecuting and recording other legal documents What is adverse possession?The process by which an owner can lose title to his or her property because an adverse possessor entered, occupied, and used the property without the knowledge or consent of the owner, or with the knowledge of the owner who failed to take any action over a ten-year period.The special warranty covenant "I may or may not own, and I won't defend" is part of which type of deed?A warranty deedA bargain and sale deed with covenantsA bargain and sale deed without covenantsA quitclaim deed A quitclaim deed Does the granting clause in itself convey the title? Why or why not?No, only the grantor's signature conveys the title.No, the title must be delivered and accepted by the grantee to be conveyed.Yes, the clause states the owner is conveying the title.Yes, as long as it is followed by a Habendum clause.No, the title must be delivered and accepted by the grantee to be conveyed.The rights that property owners have to everything that is produced by their land is calledAccretion rights.Avulsion rights.Reliction rights.Accession rights.Accession rights.What type of deed would be used to transfer property at a public foreclosure sheriff's auction?Sheriff's deedCourt deedPublic deedAuction deed Sheriff's deed For what kinds of properties is the lot and block method most often used?The lot and block system, also called the recorded plat method, is used to describe properties in residential, commercial, and industrial subdivisions.Which type of will is generally not valid for the transfer of real property?NuncupativeHolographicApprovedWitnessed Nuncupative What instrument is used by an owner to voluntarily transfer title to real estate?Bill of saleClosing statementDeedHabendum clause Deed In New York, how long must a possessor occupy the property to qualify for notorious possession and hostile possession?1 year5 years10 years20 years 10 years How many sections are there in a township?OneSixTwelveThirty-six Thirty-six What does a probate proceeding do?Validates the will, if one exists.Identifies and settles all claims and outstanding debts against the estate.Distributes
the remainder of the estate to the rightful heirs.
Color of title can best be described asan instrument that purports to transfer ownership of property but does not due to some defect.a court order which grants property access.a legal document that blocks ownership.a legal writ which must be completed before ownership can be granted.an instrument that purports to transfer ownership of property but does not due to some defect.A deed of trust is used totransfer personal property.convey property to a third party trustee as collateral for a loan.convey property to the trustee of a land trust.convey property sold at a tax sale.convey property to a third party trustee as collateral for a loan.A deed in which the grantor guarantees the title against defects that come up only in the time period of his or her ownership is what type of deed?Special warrantyQuitclaimGeneral warrantyBargain and sale Bargain and sale A bargain and sale deed with covenants has which of the following special warranty covenants?I own but won't defend.I may or may not own, and I won't defend.I own and will defend against my acts only.I own and will defend.I own and will defend against my acts only.What is the difference between voluntary and involuntary alienation?Voluntary alienation is an unforced transfer of title by sale or gift from an owner to another party. Involuntary alienation is a transfer of title without the owner's consent.What does a metes and bounds legal description do?Identifies the boundaries of a parcel of real estate using reference points, distances, and angles.Which deed offers the greatest protection?Quitclaim deedExecutor's deedFull covenant and warranty deedReferee's deed Full covenant and warranty deed Reliction isthe gradual receding of water from its usual watermark to allow access to "newly" found land.the gradual reduction of land around a moving waterway.the gradual addition of soil by the land owner.the gradual reduction of soil due to wind erosion.the gradual receding of water from its usual watermark to allow access to "newly" found land.Which method of legally describing parcels of real estate creates townships?Metes and boundsRectangular survey systemLot and blockAll of the above Rectangular survey system Which method of legally describing parcels of real estate would use a POB?Metes and boundsRectangular survey systemLot and blockAll of the above Metes and bounds What is a quitclaim deed and what is probably its most common use?With a quitclaim deed, the grantor makes no claim to any interest in the property being conveyed and offers no warrants to protect the grantee. It is often used in divorce settlements.In the rectangular survey method, how large is a township in square miles and how large is a township section?A township is 36 square miles and a section is one square mile or 640 acres.An owner transfers title to a property to a buyer in exchange for a consideration. This is an example of
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