Question

Foreclosure because of delinquent real estate taxes is an example of title transfer by

a) Adverse possession.

b) Quitclaim deed.

c) Eminent domain.

d) Escheat.

Answer 1

d) Escheat.

Foreclosure because of delinquent real estate taxes is an example of title transfer by Escheat, where the property reverts to the state when there are no heirs or claimants.

Step-by-step explanation:

Foreclosure because of delinquent real estate taxes is an example of title transfer by d) Escheat. Escheat is a common law doctrine that transfers the property of a person who dies without heirs to the state. It ensures that property always has a recognized owner, which in this case would be the state if real estate taxes remain unpaid and there are no claimants.

Adverse possession is a way for a person to gain legal ownership of certain types of property by occupying it for a particular period of time, while quitclaim deed is a legal instrument that is used to transfer interest in real property. The term eminent domain refers to the power of the government to expropriate private property for public use, with compensation.

Answer 2

Foreclosure due to delinquent real estate taxes leads to title transfer through escheat, which is when a property reverts to the state if taxes remain unpaid and not through adverse possession, quitclaim deed, or eminent domain.

Step-by-step explanation:

Foreclosure due to delinquent real estate taxes is an example of title transfer through escheat. This legal process occurs when property reverts back to the state upon the death of the owner without lawful heirs or beneficiaries, or when a property owner fails to pay property taxes. It does not occur through adverse possession, which is a means of acquiring title to a property by taking possession for a statutory period. Nor is it through a quitclaim deed, which is a document that transfers ownership with no guarantees of clear title. Also, it is not an eminent domain case, which is when the government takes private property for public use while providing fair compensation to the owner.

Property taxes are mandatory and are collected based on the assessed value of real estate. They fund local services and are essential to municipal budgets. If property taxes remain unpaid, the local government may proceed with a tax foreclosure, ultimately leading to the transfer of title to the government if the delinquent taxes are not paid off by the property owner.