A condensed history or summary of public records relating to the title to a particular parcel of land.
The right to enter and leave a tract of land from a public way. Many times the right to enter and leave over lands of another.
Specifies conditions under which the lender may advance the time when the entire debt secured by the mortgage becomes due.
A tract of land containing 43,560 square feet of land; i.e. 208.71 feet square.
Physical possession of land inconsistent with the right of the owner. In most states, a party in adverse possession, after satisfying fully the requirements of the relevant statutes, may acquire title to the land. Usually requires: actual possession, adverse, under claim of right, notorious, open, exclusive, hostile, continuous and uninterrupted.
The right to occupy the space above a specified plane; Over, on or beneath a designated tract of land.
American Land Title Association, a national association of title insurance companies and title abstract organizations. This term is used most frequently as part of the identification of standard policy forms adopted by that association.
Reduce debt by means of regular periodic payments which included amounts applicable both to principal and interest.
Anything annexed to land or used with it that it will pass with the conveyance of the land.
The valuation placed upon land for purposes of taxation. Valuation does not necessarily correspond to the market valuation.
A special tax imposed on owners of land y governing bodies for the purpose of paying for improvements (sewer lines, sidewalks, street paving, etc.) which benefit the land.
A public official who evaluates property for the purpose of taxation. (In Florida, Property Appraiser)
A transfer or making over to another of the whole of any property, real or personal. Often used in transferring interests of a mortgagee or of a lessee.
One to whom a transfer of interest is made; e.g. the assignee of the mortgage or contract.
One who makes an assignment; e.g. the assignor of a mortgage or contract.
An obligation undertaken by the purchaser of land to be personally liable for payment of an existing note secured by a mortgage. As between the lender and the original borrower, the original borrower remains liable on the mortgage note.
Legal seizure of property to force payment of a debt.
One who holds a power of attorney from another allowing him to execute legal documents on behalf of the grantor of the power.
|
