In considering the acquisition of real property, it is important to remember that certain factors may limit ownership rights. Which of the following is an example of a situation in which ownership rights can be fully removed from the property?

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If a lien on a property is defaulted, the lien holder may have the right to foreclose on the property and take full ownership, effectively removing all ownership rights from the previous owner. Land use controls, leasehold interests, and HOA bylaws may limit certain ownership rights, but they do not fully remove ownership rights from the property owner.

In Considering the Acquisition of Real Property, It Is Important