Chapter 10
Giving Up or Losing Property
IN THIS CHAPTER
Checking out ways of giving up your property voluntarily
Discovering how others (including nature) can take away your property
Understanding what happens to your property after you die
In addition to simply selling it to someone who wants to buy it, property can be conveyed or transferred voluntarily through a number of means. Property can also be lost involuntarily through the forces of nature, law, or the government. And finally, in fact very finally, property is transferred after you die.
In this chapter, I discuss a number of the more common ways that property can be conveyed and lost involuntarily. In your real estate practice, you may never encounter or be involved with most of these issues. They do, however, involve real estate, and, as a real estate agent, you need to know something about them. Equally as important, state exam writers expect you to know something about the various ways property can be transferred or lost.
Fine by Me: Giving Up Property Voluntarily
Most of the time, title to property, or the ownership of it, is conveyed or transferred voluntarily from one owner to another, which is a transaction formally ...
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