Ch 17: Advanced Transfer of Real Property

About This Chapter

Learn about the various ways property can be transferred, including involuntary transfers and foreclosures. This chapter will also cover real estate tax assessments and appeals.

Advanced Transfer of Real Property - Chapter Summary

This chapter discusses the various ways that real estate property can be transferred. The lessons provide an overview of foreclosures and other forms of involuntary property transfers as well as talks about the processes and risk involved with these transfers. After completing this chapter, you should be able to:

  • Explain regulatory takings and how they affect property owners
  • Discuss the property foreclosure process
  • Define and explain the effects of deed in lieu of foreclosure
  • Understand the steps needed for an involuntary property transfer due to a trustee sale
  • Define and explain partition of property, property title search, and title insurance
  • Explain the importance of equitable conversion and risk of loss
  • Discuss real estate tax assessment and appeals

These lessons include a combination of illustrated text lessons and short, engaging videos. Use the lesson quizzes and chapter exam for a comprehensive review of the real estate topics discussed.

9 Lessons in Chapter 17: Advanced Transfer of Real Property
Test your knowledge with a 30-question chapter practice test
Regulatory Takings as Involuntary Transfers of Real Property

1. Regulatory Takings as Involuntary Transfers of Real Property

Sometimes the government 'takes' your property without even taking it. In this lesson, you'll learn about regulatory takings, including what they are and what they mean to property owners. A short quiz follows the lesson.

The Property Foreclosure Process

2. The Property Foreclosure Process

In this lesson, we will discuss the process of judicial foreclosure and a lender's opportunity to pursue a deficiency judgments. We will also discuss the concepts of equitable and statutory redemption of foreclosed properties.

Deed in Lieu of Foreclosure: Definition & Effects

3. Deed in Lieu of Foreclosure: Definition & Effects

Sometimes homeowners cannot avoid defaulting on their home loans. That doesn't necessarily mean they must suffer through foreclosure. In this lesson, you'll learn about deeds in lieu of foreclosure and what they entail. A short quiz follows.

Involuntary Property Transfer Due to a Trustee Sale

4. Involuntary Property Transfer Due to a Trustee Sale

Not all foreclosures of real estate are the same. In this lesson, you'll learn about the sale of property through a trustee's sale, including the process, requirements and how it differs form a judicial foreclosure.

Partition of Property: Definition & Process

5. Partition of Property: Definition & Process

More than one person can own the same piece of real estate, but what happens if the owners just can't get along? In this lesson, you'll learn about the partition of real estate and the ways it can be accomplished. A quiz follows.

What is a Property Title Search? - Definition & Importance

6. What is a Property Title Search? - Definition & Importance

In real estate there are risks associated with ownership rights in the title to property. Learn how title searches are performed to disclose potential liabilities. Take a quiz after the lesson to test your knowledge.

What is Title Insurance? - Definition & Purpose

7. What is Title Insurance? - Definition & Purpose

Title insurance differs from most types of insurance. Policyholders are protected from liabilities that have occurred in the past as opposed to something that may occur in the future. Learn what title insurance is and why it is an important part of real estate transactions.

Risk of Loss & Equitable Conversion: Definition & Importance

8. Risk of Loss & Equitable Conversion: Definition & Importance

If there is significant damage to a property after a sales contract is signed but before closing, who bears responsibility for the damage? In this lesson, we will learn about equitable conversion and risk of loss in real estate transactions.

Real Estate Tax Assessments & Appeals

9. Real Estate Tax Assessments & Appeals

In this lesson, we'll discuss property taxes and how they're calculated. We'll also discuss real estate assessments and how they can be formally challenged.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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