Liens

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The Real Estate Business
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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
- Lis Pendens
- Protection of Title
- Chain of Title vs. Abstract of Title
- Title Opinion
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- Lender's Policy (Mortgagee Policy)
- Deeds
- Parts of a Deed
- Requirements for a Valid Deed
- Types of Statutory Deeds
- Deeds
- Legal Requirements Summary
- Ownership, Limitations & Restrictions
- Government Restrictions
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- Easements
- How Easements are Created:
- Leases
- Leases 2
- Liens
- Lien Priority
- Chapter 10 Quiz 10 xp
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FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Title, Deeds And Ownership Restrictions

Section 38 of 39

A lien is a claim on the property as security for a debt.Classifications: Voluntary: You asked for it (Mortgage).Involuntary: You didn't ask for it (Taxes, Judgment).General Liens: Attach to everything you own (House, Car, Boat).Judgment Lien: You lost a lawsuit.Income Tax Lien: You owe the IRS.Estate Tax Lien: Unpaid death taxes.Specific Liens: Attach to one specific property.Property Tax, Mortgage, Vendor's Lien, Construction Lien.