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If the estray is branded, the owner can often be identified immediately. The owner of the estray will generally have a limited time frame in which to reclaim their property after a notice of estray is published, but on the expiration of such time another person or entity will be designated the new title owner of the property.
However, note that if Alice records her interest before Bob's purchase, this recordation will be deemed to give Bob constructive notice. If Bob purchases the land without notice, and Alice then records her prior purchase before Bob records his own purchase, then Bob will still prevail in ownership of the land. The benefit of a pure notice ...
Heirs in Virginia can avoid probate entirely for estates under $50,000 by using a small estate affidavit.This legal form lets one heir collect assets by swearing they’re entitled to the assets.
To obtain a lien on real property in the state of Virginia, the judgment creditor must "docket" the lien in the public records office of the city or county where that property is physically located. Once the lien is docketed, the creditor files a "creditor's bill in equity" in that jurisdiction, which will require the chancellor to appoint a ...
Possession of a thing for long enough can become ownership by termination of the previous owner's right of possession and ownership rights. In the same way, the passage of time can bring to an end the owner's right to recover exclusive possession of a property without losing the ownership of it, as when an adverse easement for use is granted by ...
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Title page to the Code of 1819, formally titled The Revised Code of the Laws of Virginia. The Code of Virginia is the statutory law of the U.S. state of Virginia and consists of the codified legislation of the Virginia General Assembly. The 1950 Code of Virginia is the revision currently in force.
Torrens title is a land registration and land transfer system in which a state creates and maintains a register of land holdings, which serves as the conclusive evidence (termed "indefeasibility") of title of the person recorded on the register as the proprietor (owner), and of all other interests recorded on the register.