Escrow & Title
In Hawaii, what is a 'chain of title' search designed to reveal?
AA. The current mortgage balance on a property
BB. The historical sequence of ownership from the original grant to the current owner, plus all encumbrances✓ Correct
CC. The property's assessed value history
DD. The zoning history of the parcel
Explanation
A chain of title search traces ownership history from the original grant to the present, identifying all recorded transfers, liens, easements, and encumbrances affecting title.
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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.
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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