1. Chapter 9 Objectives Objectives Identify the three ways to describe real estate Identify the three ways to describe real estate Given a written description, draw the shape of a property described by metes and bounds and by the rectangular survey system Given a written description, draw the shape of a property described by metes and bounds and by the rectangular survey system Write the legal description of a property defined by the rectangular survey system Write the legal description of a property defined by the rectangular survey system Define benchmarks, fractional sections, government check, monuments, and township Define benchmarks, fractional sections, government check, monuments, and township

2. Chapter 9 Cont… Legal Description: A description of a parcel of land that will be accepted by courts because it is complete enough to locate and identify the premises Legal Description: A description of a parcel of land that will be accepted by courts because it is complete enough to locate and identify the premises

3. Chapter 9 Cont…

4. Chapter 10 Liens Against Title Objectives Objectives Distinguish between voluntary and involuntary liens, general and specific liens and statutory and equitable liens Distinguish between voluntary and involuntary liens, general and specific liens and statutory and equitable liens State the difference between ad valorem taxes and special assessments State the difference between ad valorem taxes and special assessments Describe the following types of liens: judgment, real estate tax, IRS, mechanic’s, deed of trust, mortgage, and estate Describe the following types of liens: judgment, real estate tax, IRS, mechanic’s, deed of trust, mortgage, and estate Be able to determine amount of taxes on loval real estate Be able to determine amount of taxes on loval real estate Discuss the priority of liens Discuss the priority of liens