Escrow & Title
The chain of title refers to:
AThe physical description of the property boundaries
BThe chronological history of ownership and recorded transfers of a property✓ Correct
CThe list of liens and mortgages on the property
DThe order in which creditors are paid at closing
Explanation
The chain of title is the chronological sequence of recorded instruments (deeds, mortgages, releases) that traces ownership of a property from the original grant to the present owner.
Related Arkansas Escrow & Title Questions
- Seller's closing costs typically include:
- An acknowledgment on a deed is a formal declaration by the grantor, before a notary public, that:
- A 'confirmation of sale' or 'affidavit of consideration' in Arkansas is sometimes required to:
- Transfer taxes in Arkansas on the sale of real property are:
- A deed recorded in the county recorder's office provides:
- A title company's extended coverage (ALTA) policy differs from a standard policy in that it:
- An escrow agent who disburses funds contrary to the escrow instructions is liable for:
- A deed of reconveyance is issued by a trustee in a deed of trust transaction when:
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