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Rainmaker
4,572,439
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I believe this is what Kathleen Daniels shouts out right before featuring that perfect Craptacular post.   

Jul 10, 2016 01:06 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I finally know one!!!  I remember this from the real estate licensing exam in 1978!!!!

Jul 09, 2016 11:40 PM
Ambassador
2,684,109
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Escheat is not that historical or obscure.  Still see the word used from time to time.

Jul 09, 2016 11:33 PM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It appears that Kenneth Jones is on top of this one.

Jul 10, 2016 02:38 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Tony and Suzanne Marriott, Associate Brokers I used to tell my students, the easy way to remember Escheat is when you die without a will, the Government cheats you out of your property. It is the Government's right to take property when a person dies intestate.

Jul 10, 2016 02:11 AM
Rainmaker
2,220,654
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

the reversion of property to the state, or (in feudal law) to a lord, on the owner's dying without legal heirs. 

Jul 09, 2016 11:59 PM
Rainer
29,265
Elizabeth Oliver
Century 21 Acclaim Realty Co - Brandon, FL
The key to your dream home

oh I just did this one !

 Escheat is the transfer of title of property or an estate to the state when an individual dies without a will and legal heirs. Escheat ensures that property always has a recognized owner, which would be the state or government if no other claimants to ownership exist.

compliments: my course.

Jul 09, 2016 11:45 PM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Oh dear, I feel like I just left a pre-license class.  Good night.

Jul 10, 2016 10:21 AM
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

How fortunate that I already had my book opened up to this page for a different question.

Escheat
The reversion of property to the state or county, as provided by state law, in cases
where a decedent dies intestate and there are no heirs.

Jul 10, 2016 08:33 AM
Rainmaker
5,217,293
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Finally a term from your book with the thin dust! The word is still in use today! The state benefits!

Jul 10, 2016 03:43 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

This is in my wheelhouse ... 

When someone dies without a will and there are no heirs … property escheats or reverts to the state.

Jul 10, 2016 02:32 AM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Goes back to the state.

Jul 10, 2016 01:58 AM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Oh yeah I got this one - I deal with it quite often

Jul 11, 2016 12:26 AM
Rainmaker
4,883,260
Richard Weeks
Dallas, TX
REALTOR®, Broker

You die with no will and the government can prove you are not realated to at least one person in this big world, so they take ownership of your real property.

Jul 10, 2016 11:23 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

The others have answer we're.

Jul 10, 2016 09:28 PM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

That may be the one question I missed when I passed my broker's exam!

Jul 10, 2016 02:41 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Yep knew this too and always found this one in real estate class a topic I wanted to really make an impression on. You need to have a will. Many people never bother and even some don't have any known relatives then guess who gets all they have? Yep the Government.

Jul 10, 2016 12:36 PM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

As always, Kenneth J. Jones has the answer.

Jul 10, 2016 12:20 PM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

"Escheat".....Leave now!  Escape the heat! 

Jul 10, 2016 12:13 PM
Rainmaker
5,005,659
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I am thrilled I knew this one just like Barbara Todaro only I took the exam in 1980 and know it still is relevant now!

Jul 10, 2016 11:42 AM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

That is when you are playing a game ans someone yells..Hey, Eee's

 Cheating!!!

Jul 10, 2016 09:06 AM
Rainmaker
2,182,552
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

He es cheating on his wife ?

Jul 10, 2016 05:49 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

When Bill talked to Loretta, the American people got escheated out of justice.

Jul 10, 2016 03:23 AM
Rainmaker
823,579
Susan Laxson CRS
Palm Properties - La Quinta, CA
Realtor in San Diego, CA & Naples, FL

It's what some might do to get a real estate license without studying.  Ok, just kidding, it is what Elizabeth Oliver said.

Jul 09, 2016 11:47 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Land ownership reverting to the Crown, government, or estate owner because of a lack of heirs or breach of condition to ownership.

Jul 11, 2016 12:13 AM