Common Misses Flashcards
In a correctional township, fractional sections are…
North and west sections
Who benefits from a standard TIP
Grantee
What type of survey are boundaries, easements, and measurements shown, but Orientation of house is not shown
Lot and block
When do property taxes become a lien
Jan. 1
When a party owns land on a non navigable stream, they hold title
To the low water mark
After foreclosure, which lien is in first position
Property taxes
Husband and wife own community property
Husband dies
Who received husbands half.
Heirs
Property that is in foreclosure has had a valid homestead recorded.
What is the status of the foreclosure
Foreclosure will continue as normal
Who appoints real estate advisory board
The governor
A listing agreement is also known as
A contract for personal and professional services
When grandfathered water rights are reclassified and now can be sold separate from the land
This reclassification is known as
Type 1
After mortgage forclosure, excess monies go to
Mortgagor
Who carries out “power of sale” in deed of trust.
Trustee
What does not apply to adjudicated water rights
It does not apply to all underground streams in AZ
Which party holds naked title in a deed of trust
Trustor
Trustee
Beneficiary
Mortgagee
Trustee
