Property Ownership
A North Dakota property that has been abandoned for many years may eventually be transferred to the state through the process of:
AAdverse possession by the state
BEscheat, where the state claims property of persons who die without heirs or abandon property✓ Correct
CTax deed sale for unpaid taxes
DEminent domain
Explanation
Escheat allows the state to claim property when there are no heirs and the owner has died intestate, or when property is abandoned and the owner cannot be located. The state becomes the owner of last resort.
People Also Study
Related North Dakota Questions
- In North Dakota, a deed of trust allows the lender to foreclose through which process?Finance
- A North Dakota property owner who fails to pay property taxes for several years may eventually lose their property through:Escrow & Title
- A North Dakota real estate broker applicant must have at least how many years of active salesperson experience before applying for a broker license?North Dakota License Law
- North Dakota Real Estate Commission members serve terms of how many years?North Dakota License Law
- A variance in North Dakota zoning law allows a property owner to:Land Use & Zoning
- How many years of experience as a salesperson are typically required before a North Dakota licensee can apply for a broker's license?North Dakota License Law
- When a North Dakota property owner dies intestate (without a will), their property passes according to:Property Ownership
- When a North Dakota property is transferred through a trust, the trustee signs the deed. The deed would be a:Escrow & Title
Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Study This Topic
Practice More North Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Dakota Quiz →