Property Ownership
When an Arkansas owner dies intestate (without a will) and has no heirs, the property:
AIs sold at public auction and proceeds go to the mortgage holder
BEscheats to the State of Arkansas✓ Correct
CPasses equally to neighbors under adverse possession principles
DReverts to the original grantor's heirs
Explanation
Escheat is the process by which property reverts to the state when an owner dies with no valid will and no legal heirs. Arkansas receives the property through escheat.
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