Property Ownership

What is 'escheat'?

AA type of deed used in foreclosures
BThe reversion of property to the state when an owner dies without heirs or a will✓ Correct
CA lien placed on property for unpaid taxes
DThe process of evicting a tenant

Explanation

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.

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