Acknowledgment in real estate refers to a formal declaration made before an authorized official by the person who signed a document, stating that it is their voluntary act.
To convey means to transfer ownership or interest in a property from one party to another, typically through the execution of a deed or other legal document.
A deed is a written document, properly signed and delivered, that conveys title to real property. It serves as a legal record of ownership and may include warranties or specific conditions. There are several types of deeds, including general warranty deeds, quitclaim deeds, and special warranty deeds.
Fraud in real estate involves the intentional use of deception for financial gain, leading to losses for another party. Understanding how to identify and address fraud is crucial in protecting one's investment.
A mortgagee is an entity or individual who lends money to a borrower to purchase real estate and holds a lien on the property or title as security for the debt.
Ownership rights to realty possession encompass the legal rights to control, enjoy, use, lease, and dispose of real property. These rights are fundamental to property ownership and are guided by state and federal laws.
Squatter’s rights refer to the legal allowance to use the property of another in the absence of an attempt by the owner to force eviction. Over time, this right may eventually be converted to title to the property through adverse possession, if recognized by state law. It does not apply to publicly owned property.
Title in real estate is a legal document or designation that denotes ownership and interest in a property. It is evidence that the owner of land is in lawful possession thereof. Title differs from the right to possession alone, as it signifies both the right to possess and evidence of ownership.
A trust deed is a conveyance of real estate to a third party to be held for the benefit of another. Commonly used in certain states in place of mortgages, it conditionally conveys title to a lender.
