Escrow & TitleIntermediateDelaware Exam

What is an 'affidavit of survivorship' in Delaware real estate?

AAn affidavit required before title insurance is issued
BA document filed in the public records confirming a joint tenant has died, thereby establishing the surviving joint tenant's title to the entire propertyCorrect
CAn affidavit confirming the buyer will survive (outlive) the mortgage term
DA statement confirming the property has survived a natural disaster

Why A document filed in the public records confirming a joint tenant has died, thereby establishing the surviving joint tenant's title to the entire property Is Correct

Answer B: A document filed in the public records confirming a joint tenant has died, thereby establishing the surviving joint tenant's title to the entire property

An affidavit of survivorship is recorded in the public land records to establish that a joint tenant has died and that the surviving joint tenant (or tenant by the entirety) now holds fee simple title to the property through the right of survivorship.

Exam Tip: Escrow & Title

Escrow questions test the neutral third-party role and the sequence of closing events. Remember that the escrow agent acts as a dual agent for both buyer and seller and cannot advocate for either side.

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