Property Ownership
Escheat is the process by which property passes to the state when:
AThe property is abandoned for more than 10 years
BA property owner dies without a will and without known heirs✓ Correct
CA property is condemned by the government
DA title defect is discovered after closing
Explanation
Escheat occurs when a property owner dies intestate (without a will) and has no known heirs. The property reverts to the state. It is one of the government's powers over real property along with taxation, eminent domain, and police power.
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