Property Law Principles

1. Transfer of Interests
   1. Voluntary Transfer
      1. Sale
         1. Process of Sale
            1. Listing agreements
            2. Negotiation of terms
            3. Contract formation
            4. Due diligence and inspection
            5. Closing process
         2. Types of Property Sold
            1. Residential real estate
            2. Commercial property
            3. Industrial real estate
            4. Agricultural land
         3. Financing
            1. Mortgage options
            2. Seller financing
            3. Lease-to-own agreements
      2. Gift
         1. Intent to Gift
            1. Donor's intent
            2. Delivery of the property
         2. Types of Gifts
            1. Inter vivos gifts
            2. Testamentary gifts
         3. Legal Requirements
            1. Documentation
            2. Acceptance by the recipient
      3. Exchange
         1. Like-Kind Exchange
            1. Qualifying properties under tax laws
            2. Deferred exchanges
         2. Barter System
            1. Direct exchange of goods or services
            2. Advantages and disadvantages
         3. Consideration
            1. Legal sufficiency
            2. Exception cases
   2. Involuntary Transfer
      1. Eminent Domain
         1. Process of Condemnation
            1. Governmental authority
            2. Notice and hearing requirements
         2. Compensation Mechanism
            1. Fair market value
            2. Challenges and disputes
      2. Adverse Possession
         1. Statutory Period
            1. Varies by jurisdiction
            2. Impact of "tacking" previous possessors
         2. Hostile Possession
            1. Requirement of non-permissive use
         3. Legal Challenges
            1. Quiet title actions
            2. Defending title claims
      3. Foreclosure
         1. Types of Foreclosure
            1. Judicial foreclosure
            2. Non-judicial foreclosure
            3. Strict foreclosure
         2. Process Overview
            1. Notice of default
            2. Redemption period
         3. Impact on Homeowner
            1. Deficiency judgments
            2. Credit implications
         4. Alternatives to Foreclosure
            1. Short sale
            2. Loan modification
            3. Deed in lieu of foreclosure