Property Ownership
A Massachusetts property owner who conveys their entire interest to another party has performed a(n):
AEncumbrance
BAlienation✓ Correct
CHypothecation
DSubordination
Explanation
Alienation is the transfer of ownership of real property from one person to another. It can be voluntary (deed) or involuntary (foreclosure, eminent domain).
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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