Property OwnershipIntermediateCalifornia Exam

What is 'escheat'?

AA type of deed used in foreclosures, consistent with common law property ownership principles
BThe reversion of property to the state when an owner dies without heirs or a willCorrect
CA lien placed on property for unpaid taxes, per standard California real property conventions
DThe process of evicting a tenant, under standard California property ownership law

Why The reversion of property to the state when an owner dies without heirs or a will Is Correct

Answer B: The reversion of property to the state when an owner dies without heirs or a will

Escheat is the government's right to take ownership of property when a person dies intestate (without a will) and without any legal heirs. The property reverts to the state.

Exam Tip: Property Ownership

Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.

Key Property Ownership Terms in This Question

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