Across
- 3. A notice recorded for the purpose of warning all persons that the title or right to possession of the described real property is in litigation.
- 5. An advisor to the court on the feasibility of the division or sale of co-owned real estate.
- 9. Any document created to transfer real estate without covenant or warranty of title to a beneficiary upon the owner’s death. (Acronym)
- 11. The dollar amount of equity in a homeowner’s principal dwelling the homeowner qualifies to shield as exempt from creditor seizure.
- 12. The termination of an agreement or transaction from its inception by mutual consent of the participants to the agreement or transaction, or by one participant based on fraud or misrepresentation of another participant.
- 14. The sale, further encumbrance or lease (for a period exceeding one year) of a property.
- 16. _____ Privilege Publication; Any statement made as part of a legislative, judicial or other official proceeding authorized by law, barring a slander of title action.
- 17. A property owner or junior lienholder’s right to clear title to property of a mortgage lien prior to the completion of a trustee’s sale or following a judicial foreclosure sale by paying all amounts due on the mortgage debt, including foreclosure charges.
- 18. _____ Deed; A deed that is valid and enforceable until it is challenged due to a defect and declared invalid by a court order.
- 19. The transfer of an interest in title to real estate.
- 21. The replacement of one person with another in regard to a legal right or obligation.
- 22. _____ Privilege Publication; Documents relating to a lawsuit or dispute over a right or interest in real estate made in good faith and without malice, barring a slander of title action.
- 24. _____ Deed; A deed that is unenforceable and conveys no interest in real estate.
- 26. A three-dimensional space of real estate identified by a legal description circumscribed on the face of the earth by a surveyor.
- 28. _____ Breach; When a buyer or seller repudiates the purchase agreement by their words or conduct before closing.
- 30. Any encumbrances affecting title and any observable on-site activities which are listed as risks assumed by the insured and not covered by a policy of title insurance under Schedule B.
- 31. _____ Skimming; When an investor receives rents from a parcel of residential rental property during their first year of ownership and does not apply the rents (or an equivalent amount) to the payments due on all mortgages secured by the property.
- 32. _____ Action; Court proceedings by which co-owners seek to sever their joint ownership and parcel or sell a property.
- 36. _____ Deed; A document used to pass a fee simple interest in real estate from the grantor to another individual, unless a lesser interest is stated.
- 37. Risks of loss not covered under a policy of title insurance, comprised of encumbrances arising after the transfer or known to or brought about by the insured.
- 38. _____-Day Preliminary Notice; Notification of a subcontractor’s right to record and foreclose a mechanic’s lien against property when they are not paid.
- 39. Written evidence issued by an insurer or guarantor of its obligation to pay the debt of another on a default in a promised performance.
- 42. The transfer of property between separate property and community property or between the separate property interests owned by spouses.
- 43. _____ Action; An action against a person brought by or on behalf of all similarly situated claimants.
- 44. A claim or lien on title to a parcel of real estate, such as property taxes, assessment bonds, trust deeds, easements and covenants, conditions and restrictions (CC&Rs).
- 48. An individual capable of conveying an interest in real estate.
- 49. _____ Notice; A legal fiction charging persons who own or acquire an interest in real estate with knowledge of recorded documents affecting title and conditions observable on the property.
- 50. _____ Property; All property acquired by spouses during a marriage when not acquired as the separate property of either spouse.
- 52. _____ Agreement; A contract entered into between an attorney and licensee specifying the respective responsibilities of each, and the hourly rate, deposit and other fees the attorney charges for legal services.
- 53. The return of funds and documents on a rescission of a purchase agreement or transaction sufficient to place all the parties in the position they held before entering into the agreement or closing the transaction.
- 55. The later adoption or approval of an act performed on behalf of a person when the act was not previously authorized.
- 56. A refund to the buyer by the seller on a rescission of a transaction in exchange for the restoration of the property to the seller.
Down
- 1. Vivos _____ (Living) Trust; A living trust is a form of estate planning that allows you to control your assets (your money and property) while you are still alive, but have it distributed to people or organizations you select when you die.
- 2. _____ Relief; An action seeking a judicial declaration of the rights and obligations of parties to a disputed situation.
- 4. To annul by court order a document transferring an interest in real estate.
- 6. A court order removing from title to real estate the effect of a recorded lis pendens regarding litigation asserting a claim to title or possession of the property.
- 7. _____ Notice; Express or implied knowledge of conditions which exist on a property.
- 8. _____ Easement; An easement on a property which abuts a primary easement and allows the user of that easement to further enter upon the property for purposes of maintaining the primary easement.
- 10. _____ Provision; A provision in a limited liability company (LLC) operating agreement which, on termination of a member’s interest, grants the remaining members the right to buy out the terminated member’s interest in the LLC or dissolve the LLC.
- 13. _____ of Title; False and malicious statements disparaging an owner’s title to property resulting in money losses to the owner.
- 15. A legal process to correct an omission or error in a grant deed by court action.
- 20. The return of funds and documents on a rescission of a purchase agreement or transaction sufficient to place all the parties in the position they held before entering into the agreement or closing the transaction.
- 23. An individual who has the oral authority of the grantor to sign a grant deed by their own hand on behalf of the grantor.
- 25. _____ Lien; A money judgment against a person recorded as an abstract and attaching to the title of real estate they own.
- 27. _____ Order; An attachment device used by a creditor to place a lien on the ownership interest in a limited liability company (LLC) held by the individual member for the payment of a money judgment, and either appoint a receiver to hold the debtor member’s share or foreclose on the member’s interest in the LLC.
- 29. A written commitment of a title insurer to issue a title insurance policy in the future, usually acquired by a buyer intending to resell the described property.
- 33. ____ Homestead; The dollar amount of equity in a homeowner’s principal dwelling the homeowner is automatically qualified to exempt from creditor seizure. Also known as a statutory homestead exemption.
- 34. _____ Deed; A document used to convey whatever interest, if any, the grantor may hold in the real estate.
- 35. _____ on Title; A claim, encumbrance or condition which impairs the title, not possession, to real estate until eliminated by a release of recorded document, quitclaim deed or a quiet title action.
- 40. ____ Search; A further search of the public records performed by a title insurer after preparing a preliminary title report and immediately prior to issuance of a policy of title insurance.
- 41. A voluntary association of two or more persons to carry on a business or venture on terms of mutual participation in profits and losses.
- 45. _____ Delivery; Delivery of a deed occurring when the deed is understood by the grantor and grantee to be delivered by agreement, or when the deed is accepted by a third-party for the benefit of the grantee.
- 46. _____ Title; A court action to remove a cloud and establish title to a property.
- 47. An individual acquiring an interest in title to real estate.
- 51. _____ Conference; The first meeting between a licensee and prospective attorney conducted prior to entering into a retainer agreement where the licensee discusses their real estate dispute and interviews the attorney to determine their professional background, qualifications and compatibility.
- 54. An entity issuing securities held by investors and traded on the stock market, holding title to income-generating property, trust deeds and treasury bonds. (Acronym)