Latest news from Moulton, AL collected exclusively by city-data.com from local newspapers, TV, and radio stations. Ancestries: American (19.8%), Irish (8.5%), English (5.7%), German (4.3%), Scottish (2.3%), Scotch-Irish (1.8%). Current Local Time: CST time zone. Elevation: 650 feet.
Adverse Interest. Adverse Interest. A right or concern that's contrary to the interest or claim of another. An adverse interest in real property is a claim against the property, such as an easement.
Undivided interests are very common and appear in many estates. They rou-tinely result from a senior family mem-ber passing away with only one asset (a piece of real estate) and multiple heirs. One solution is to leave each heir a fractional interest in the real estate. Undivided interests can origi-nate in other ways of course, but this is a pretty common scenario and serves the illustrative needs of this article. Technically, undivided interests can be defined as a direct interest of less than 100% in real property. Direct refers to the fact that there is no intermediate entity (e.g., a partnership) holding title to the land. A tenancy-in-common is an example of an undivided interest. The owner of such an interest owns literally his or her percentage of the whole and