Once the state has "taken ownership" of a property through "escheat," there is no need to wait to sell it.
These are questions that the above text answers:
1. What is the process called when the state takes ownership of unclaimed property?
2. What is the purpose of escheat?
3. Can the state sell a property immediately after taking ownership through escheat?
4. Is there a waiting period before the state can sell a property acquired through escheat?
5. What happens to unclaimed property after the state takes ownership through escheat?
6. What is the significance of escheat in real estate law?
7. Can the state sell a property without going through the process of escheat?
10. How does escheat affect the ownership of a property?