The liens types - Study guides, Class notes & Summaries

The tree that owns itself - Answer ️️ Guy who loved the tree deeded the land of the tree to the tree itself in 1832 the property right that creates all rights - Answer ️️ right to exclude others what can you do with property - Answer ️️ Right to exclude others, Rent, Recreation, Extract resources from it (coal, oil, farming, animals), Sell it, Collateral how do you get property - Answer ️️ Buy it, Gift, Inheritance, Tax liens, Adverse possession, Accession (adding), Labor (...

Texas Code Enforcement Exam Questions and Answers Latest Updated 2024 (100% Correct & Verified) You are required to have the Transfer of Demolisher sheet for a junk vehicle abated by the city to TX-DOT within how many days a) 5 b) 7 c) 10 d) 14 B - ANSWER An Antique Auto means a passenger car or truck that was manufactured in 1925 or before, or a passenger car or truck that is at least __ years old a) 20 b) 25 c) 30 d) 35 C - ANSWER How soon should you notify the owner of an aband...

HUD Exam Prep Questions and Answers 100% Pass % Impact of Account Payment History on Credit Score - Correct Answer ️️ -35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - Correct Answer ️️ -30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - Correct Answe...

Chapter 11: Real Estate Taxes and Other Liens - ANSWER Chapter 11: Real Estate Taxes and Other Liens Lien - ANSWER Charge or claim against a person's property, made to enforce the payment of money. -security for lender Priority of liens - ANSWER Refers to the order in which claims against the property will be satisfied. "First come, first served." -real estate taxes always first b/c support vital community and schools -taxed at 35% of its value Types of liens - ANSWER -Creating a l...

Real versus personal property - ANSWER real property: Real estate and the bundle of rights Personal property: all property that is not land or permanently attached to land, excepting trade fixtures and emblements. Physical characteristics of land - ANSWER immobility, indestructibility, and heterogeneity. Metes and Bounds - ANSWER describes property by landmarks, monuments, distances and angles. From point of beginning (POB) and returns to POB Rectangular Survey System - ANSWER uses ...

Texas Principles of Real Estate 1 (2023/ 2024) Exam | Guide with Questions and Verified Answers| 100% Correct Q: curtsey rights Answer: right a husband has to his wifes estate upon her death Q: fee simple defeasable Answer: a gift of land by a person or GRANTOR Q: Life Estate Answer: an estate in land for the duration of someones life (always a gift of land/ real estate) Q: Homestead Answer: Texas is a Homestead State. The property that you own an...

4 land districts o :## Urban o Rural o Agricultural o Conservation What is UCC? o :## Uniform Commercial Code- it's a legal form a creditor files to give notice that it may have interest in personal property of debtor. Gives public notice of right to take possession of and sell property for repayment. Can also be security or financing agreement, bulk sales, business opp or direct taxation. Tenancy in entirety is same as? o :## Reciprocal beneficiaries Land trust o :## People us...

What are the two requirements of the property if the anti-deficiency statute is to apply? - correct answer 2.5 acres or less. Utilized as a family home for a 1 or 2 family dwelling. In a deed of trust, who is the "trustor?" - correct answer The person buying the house (the purchaser). Who has priority in liens even over a purchase money mortgage lien filed prior? - correct answer Liens for unpaid property taxes and agricultural liens on crops. Does an IRS lien filed in 2015 have prior...

Which methods does the federal government use to influence the real estate market? - ACCURATE ANSWERincome tax incentives, fair housing laws, granting housing subsidies The term "real estate" is used in three fundamental ways. These include all of the following EXCEPT : - ACCURATE ANSWERto identify all types of property. Which of the following statements define the role of Real Estate in our economy? - ACCURATE ANSWERAll of these statements are correct. What two elements are involved ...

MA Real Estate Exam study guide. Notes have been taking directly from book and other recourses. 2024 Types of Property: Personal property -Answer-Refers to land/things that are moveable& tangible. furniture, tv, swings, artificial plants Types of Property: Real property -Answer-Refers to land/things that are permanently attached. plants, building tree, ground minerals Land Characteristics: Physical, Immobility -Answer-Land cannot be moved Land Characteristics: Physical, Indestructibility...