November 2019

Corner Influence

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Corner Influence - the added desirability or utility of a lot due to ties frontage to parallel and perpendicular streets.

Homestead Patent

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Homestead Patent – settlement of undeveloped areas by gratuitously conveying to individuals parcels of land subject to condition (residence in and cultivation of land within… Read More »Homestead Patent

Escheat

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ESCHEAT – reversion of private property to the estate due to the intestate death of the owner who is not survived by any legal heir;… Read More »Escheat

Cloud on Title

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CLOUD ON TITLE – an outstanding claim which, if valid, will impair or adversely affect the owner’s tile. Example : “A” bequest a parcel of… Read More »Cloud on Title

Ordinary Asset

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ORDINARY ASSET – property constituting inventory for sale, or property used in connection with trade, business or source of income.