Escheat & Eminent Domain

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Chapter 8
Property Rights
Title, Deeds And Ownership Restrictions
- Concept of Title. Who Really Owns It?
- Ownership as a "Bundle of Rights"
- Legal Title vs. Equitable Title
- Transfer of Title (Voluntary vs. Involuntary)
- Escheat & Eminent Domain
- Transfer by Voluntary Alienation
- The Will
- Devise
- Transfer by Involuntary Alienation
- Why is this "Involuntary"?
- Probate (The Process)
- Escheat
- Eminent Domain
- Adverse Possession
- Adverse Possession 2
- Notice of Legal Title (Proving you own it)
- Constructive Notice
- Acknowledgment
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- How Easements are Created:
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- Chapter 10 Quiz 10 xp
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FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Title, Deeds And Ownership Restrictions

Section 5 of 39

Escheat: If you die without a will AND have no heirs, the property goes to the State Government. (The state is the ultimate heir).Adverse Possession (Squatter's Rights): If someone openly occupies your land, pays taxes on it, and claims it as their own for 7 years (in Florida), they can go to court and steal the title from you legally.Eminent Domain: The government takes private property for public use (building a highway). They must pay you "Just Compensation," but you cannot say no.Foreclosure: The bank takes the title because you failed to pay the mortgage.