Legal Proceedings

Action to Quiet Title
An action to quiet title is a lawsuit brought to establish a party's title to real property and 'quiet' any challenges or claims to the property. This process resolves disputes and clarifies property ownership.
Actual Notice
Actual Notice refers to the conveyance of information to a party relating to a fact or proceeding that concerns that party, delivered directly to ensure awareness.
Affiant
An affiant is an individual who signs or signifies to the truth of an affidavit under oath. This role is crucial in legal proceedings, as the affiant attests to the accuracy and truthfulness of the information contained within the affidavit.
Bankruptcy
Bankruptcy is a legal proceeding involving a person or business that is unable to repay outstanding debts. Through bankruptcy, the debtor may seek relief from some or all debts.
Estate at Sufferance
An Estate at Sufferance refers to a situation where a tenant continues to occupy a property after the expiration of their lease, without the landlord's permission.
In Rem
"In Rem" is a legal term derived from Latin which means “against the thing.” It refers to proceedings directed against the property itself rather than against a specific person. For example, In Rem actions are typically used in scenarios involving property seizure due to non-payment of taxes.
Interpleader
Interpleader is a legal proceeding initiated by a neutral third party to resolve disputes between rival claimants over a particular property or transaction.
Judgment
A decree issued by a court determining that one individual is indebted to another and specifying the amount owed.
Legal Notice
A legal notice serves as a formalized notification required by law to communicate specific information to others. It ensures that all parties are informed about legal proceedings, decisions, or actions.
Litigation
Litigation refers to the process of taking legal action, typically involving disputes brought to court, to enforce or defend a legal right.
Perfecting Title
"Perfecting title" refers to the legal process of removing any "clouds" or claims against a real estate title, ensuring that the property has a clear and legally sound ownership status. This often involves actions such as paying off liens, resolving disputes, obtaining quitclaim deeds, and addressing other title defects. The goal is to ensure that the title is marketable and can be transferred without any legal challenges to the ownership rights.
Receiver
A receiver is an individual or entity appointed by a court to manage, oversee, and maintain a property that is involved in ongoing litigation to ensure that the property is preserved and managed properly.

Real Estate Lexicon

With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!

Real Estate Real Estate Investment Real Estate Law Property Management Real Estate Transactions Real Estate Financing Real Estate Development Mortgage Property Valuation Commercial Real Estate Real Estate Appraisal Real Estate Valuation Property Rights Land Use Property Ownership Urban Planning Property Value Real Estate Finance Foreclosure Market Value Real Estate Contracts Depreciation Property Law Interest Rates Construction Estate Planning Lease Agreement Appraisal Investment Financing Mortgage Loans Financial Planning Real Estate Terms Legal Terms Zoning Real Estate Market Rental Income Market Analysis Lease Agreements Housing Market Property Sale Interest Rate Taxation Title Insurance Property Taxes Amortization Eminent Domain Investment Analysis Property Investment Property Tax Property Transfer Risk Management Tenant Rights Mortgages Residential Property Architecture Investments Contract Law Land Development Loans Property Development Default Condemnation Finance Income Tax Property Purchase Homeownership Leasing Operating Expenses Inheritance Legal Documents Real Estate Metrics Residential Real Estate Home Loans Real Estate Ownership Adjustable-Rate Mortgage Affordable Housing Cash Flow Closing Costs Collateral Net Operating Income Real Estate Loans Real Property Asset Management Infrastructure Mortgage Loan Property Appraisal Real Estate Investing Urban Development Building Codes Insurance Loan Repayment Mortgage Payments Real Estate Broker Shopping Centers Tax Deductions Creditworthiness Mortgage Insurance Property Assessment Real Estate Transaction