In North Carolina, the statutory period for adverse possession (without color of title) is an uninterrupted period of how many years when trying to acquire privately owned property? Show A. 3 Title to real estate may be transferred during a person's lifetime by which of the following means? A. escheat What type of deed might an owner of real estate use to voluntarily transfer a right, a title, or an interest in real estate? A. sheriff's deed A man owned property as a tenant in common with his tow best friends. Years later, the nam was adjudge legally incompetent and moved into a nursing home. During his stay at a nursing home, the man wrote a will leaving his entire estate to the nursing assistant assigned to his care. The man was survived by three children when he died. After his death his real estate interest passed to A. his two best friends due to
ownership rights. C. his children by the law of intestate succession. Which of the following is NOT a means of title transfer by involuntary alienation? A. eminent domain Which of the following BEST describes the covenant of quiet enjoyment? A. The grantor promises to obtain and deliver any instrument needed to make the tittle good. D. The grantor ensures that the title will be good against the title claims of third parties. A purchaser went to the Registry of Deeds to check the public records. She found that the seller was the grantee in the last recorded deed and that no mortgage was ever on record against the property. Therefore, the purchaser may assume which of the following? A. All taxes are paid, and no judgements are outstanding. C. The seller probably did not mortgage the property. The person who examines the chain of title and prepare an opinion of title for a parcel of real estate A. writes a brief history y of the record of ownership of the property. A. writes a brief history y of the record of ownership of the property. Instruments affecting real estate are recorded in the public records of the county where the property is located
because A. I only Chain of title refers to a A. summary of all instruments and legal proceedings affecting a specific
parcel of land. D. succession of conveyances from some starting point whereby the present owner derives title. A title insurance policy with standard coverage generally covers all of the following EXCEPT A. forged documents C. rights of
parties in possession Condemnation is A. the right of the government to take private property. C. the process by which eminent
domain is exercised. Which of the following is NOT a necessary condition of eminent domain? A. Use benefits the public. B. Property is to be given to the owner of a quasi-public corporation. Which of the following real estate documents is LEAST likely to be recorded? A. deed Which of the following should be discoverable in search of the public records? A. encroachments In North Carolina, the statutory period of possession required to acquire title of privately owned property by adverse possession with color of title is how many years? A. 7 Which type of deed merely implies but does NOT specifically warrant that the grantor holds good title to the property? A. special warranty The NCBA/NCAR 2-T Offer to Purchase and Contract form indicates that the seller will deliver which deed to the buyer? A. special warranty When property is sold for $75,000, the excise tax would be A. $75 A seller sold his property for $185,900 and let the buyer assume his loan baluns of $125,000. How much excise tax will the seller pay at closing? A.
$121.80 Which of the following transfers is an example of involuntary alienation?Option c is the correct option
Involuntary alienation is transferring title to a property, which takes place due to the foreclosure sale, bankruptcy, and death of the property owner or when there is no heir of the property. Escheat is acts of transferring property if an owner dies, having no heirs.
Which of the following is not considered involuntary alienation?Dedication is a voluntary type of alienation. Adverse possession, a lien foreclosure sale, or a bankruptcy are all examples of involuntary alienation.
Which of the following transfers is an example of involuntary alienation quizlet?Which of the following transfers is an example of involuntary alienation? Sam sells property to Sally. After the transfer, Sally discovers a defect in the title. However, this defect can be remedied if Sam were to file a correction deed.
Which of the following is an involuntary alienation of property quizlet?Which of the following is an involuntary alienation of property? A grantor does not wish to be responsible for defects in the title that arise from previous owners but will guarantee the title for the time the grantor has the ownership.
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