Escrow & Title
What is the 'chain of title' in Delaware real estate?
AThe sequence of mortgage holders on a property
BThe chronological sequence of ownership interests in a parcel of real property, traced through recorded documents from the current owner back to the original grant✓ Correct
CA listing of all properties owned by a single owner
DThe network of title insurance companies operating in Delaware
Explanation
The chain of title is the complete recorded history of ownership of a parcel — every deed, mortgage, lien, easement, and other recorded instrument — going back to the original land grant or patent. Title examiners review the chain to identify breaks, defects, or encumbrances that might affect the buyer's ownership.
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Key Terms to Know
Chain of Title
The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
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