Escrow & Title
A North Dakota property owner who fails to pay property taxes for several years may eventually lose their property through:
AEminent domain
BTax deed foreclosure (tax deed sale)✓ Correct
CAdverse possession
DLis pendens
Explanation
When property taxes remain unpaid, the county may eventually foreclose on the tax lien through a tax deed process, resulting in a tax deed sale where the property is sold to satisfy the unpaid tax obligation.
Related North Dakota Escrow & Title Questions
- In North Dakota, the 'closing agent' in a real estate transaction is typically:
- A North Dakota real estate broker who witnesses a deed signing must ensure all of the following EXCEPT:
- In a North Dakota transaction, the seller's existing mortgage that is being paid off at closing appears on the Closing Disclosure as:
- A 'satisfaction of mortgage' (mortgage release) in North Dakota should be recorded to:
- In North Dakota, 'marketable title' means:
- In North Dakota, a 'buyer's market' affects closings because:
- A 'lis pendens' filed against a North Dakota property notifies:
- A North Dakota property that has a federal tax lien recorded against the owner must have this lien:
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