RE-160 Lecture Notes - Lecture 14: Adverse Possession, Eminent Domain, Escheat

• School: Diablo Valley College
• Department: Business Accounting/Management/Marketing/Real Estate
• Course: RE-160
• Professor: Langager

Document Summary

Any type of foreclosure (taxes, mortgage, trust, etc. ) Transfer by natural forces (sinkhole, mudslide, etc. ) Can"t come and go, use land more than a year continuously. Not to the best interest of the person you are taking it from. Not given to you from someone selling it to you, something you. Trustor -> (deed of trust reconveyance deed)-> trustee-> (trustees. Trustee can reconvey deed back to trustor if terms of trust are not fulfilled. Title can also be transferred following a trustee sale. Proves or confirms the validity of the will. Determines the precise assets of the deceased person. Identifies the people to whom the assets are to pass. Takes place in the county where the decedent resided. Decedent"s debts must be satisfied before any property can be disbursed. Constructive: placing document in public record, physical possession. Actual: information is available, and someone is actually made aware of it. The order in which documents or liens are recorded.