Escrow & Title
A NH buyer who receives title by adverse possession should:
ARecord the deed given by the adverse possessor's attorney
BFile a quiet title action to obtain a court judgment establishing title before attempting to insure or mortgage the property✓ Correct
COnly notify the prior owner
DFile with the NHREC
Explanation
A claim of title by adverse possession requires a court judgment (quiet title action) to establish legal ownership. Without a court judgment, the title cannot be insured or mortgaged, even if all elements of adverse possession are met.
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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).
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
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