Escrow & Title
The chain of title refers to:
AThe legal description of the property
BThe sequence of historical ownership transfers for a property from the earliest recorded transaction to the present✓ Correct
CThe list of liens on a property
DThe schedule of closing costs
Explanation
The chain of title is the complete, chronological history of a property's ownership, showing every transfer from the original grant to the current owner. A clear chain of title is essential for insurable and marketable title.
Related Alabama Escrow & Title Questions
- Priority of liens in Alabama generally follows what rule?
- A buyer who takes title without knowledge of a prior unrecorded deed has what type of protection under Alabama's recording statutes?
- Which type of title insurance policy protects the lender in an Alabama real estate transaction?
- An abstract of title is:
- A preliminary title report (title commitment) serves what purpose?
- In Alabama, which document provides the most protection for a buyer against title defects?
- A quitclaim deed conveys:
- In Alabama, a general warranty deed provides which guarantees?
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