Property Ownership
In New Mexico, which of the following best describes the concept of 'seisin' in property law?
AThe process of foreclosure
BActual lawful possession of the property — used in deed warranties where the grantor covenants they actually own and possess the property being conveyed✓ Correct
CThe recording of a deed
DThe payment of property taxes
Explanation
Seisin (also spelled seizin) refers to actual ownership and lawful possession of freehold property. The covenant of seisin in a general warranty deed is the grantor's promise that they actually own the property being conveyed and have the right to convey it.
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