QUESTIONS WITH SOLUTIONS GRADED A+
◉ 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 longitude and latitude lines
to identify ranges, tiers, and townships. Also called government survey
system.
◉ Meridian. Answer: North-south lines 6miles apart
◉ Parallels. Answer: East-west lines 6 miles apart
◉ Ranges. Answer: North-south strips between meridians
◉ Tiers. Answer: East-west strips between parallels
,◉ Townships. Answer: Intersection of a range and a tier consisting of
six-mile by six-mile squares of land
◉ Sections of a Township. Answer: 36 Sections per township, each one-
mile square. 1 section=640 acres
◉ Lot and Block System. Answer: Subdivisions, lot reference and block
reference ex: Lot 7 Block B
◉ Describing Elevation. Answer: Datum: standard elevation reference
point
Benchmark: officially surveyed and registered elevation marker
◉ Littoral Rights. Answer: properties abutting bodies of water that are
not moving, such as lakes and seas. do not own the water nor the land
beneath the water. Ownership extends to the high-water mark of the
body of water.
◉ Riparian Rights. Answer: properties abutting moving water such as
streams and rivers. If a property abuts a stream or river, the owner's
riparian rights are determined by whether the water is navigable or not
navigable. Navigable to water's edge
, ◉ Voluntary Lien. Answer: Lien due to Borrowed money or some other
asset secured by a mortgage.
◉ Involuntary Lien. Answer: Lien placed against a property due to a
legal process regardless of the owner
◉ General Lien. Answer: general lien: placed against all real and
personal property owned by a particular debtor.
◉ Specific Lien. Answer: Lien attached to a single item of real or
personal property, and does not affect other property owned by the
debtor.
◉ Lien Priority. Answer: 1. the lien's categorization as superior or junior
2. the date of recordation of the lien
◉ Superior Liens. Answer: 1. Real estate tax liens
2. Special assessment liens
3. Federal estate tax liens
4. State inheritance tax liens
*Estate tax, assessment, inheritance tax
◉ Junior Liens. Answer: Federal income tax liens