Escrow & Title
The 'chain of title' in Georgia represents:
AA. The current owners' names only
BB. The chronological sequence of ownership and transfers of a property from the original grant✓ Correct
CC. The list of all mortgages ever recorded against a property
DD. A current survey of the property boundaries
Explanation
The chain of title is the sequence of all historical conveyances, grants, encumbrances, and releases affecting a property. Examining the chain ensures there are no gaps or breaks that might cloud title.
Related Georgia Escrow & Title Questions
- A 'marketable title' in Georgia means:
- A 'FIRPTA withholding' at a Georgia closing is required when:
- A 'title commitment' (binder) issued before closing is:
- A short sale in Georgia occurs when:
- In Georgia, the 'right of redemption' for property sold at a tax sale allows the former owner to:
- A title company that discovers a gap in the chain of title (missing deed) would typically:
- Title insurance underwriters perform a title search before issuing a policy to:
- Which of the following items would typically appear as a debit to the seller at closing?
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