Escrow & Title
A chain of title refers to:
AThe physical chain securing the property deed
BThe chronological sequence of ownership transfers for a parcel of land✓ Correct
CThe list of all liens on a property
DThe sequence of events in an escrow
Explanation
The chain of title is the chronological sequence of all ownership transfers (conveyances) for a parcel of real estate, from the original grant through all subsequent transfers to the present owner. It is verified through a title search.
Related Idaho Escrow & Title Questions
- ALTA (American Land Title Association) extended coverage title insurance differs from standard coverage in that it also covers:
- What does 'proration' mean in the context of an Idaho real estate closing?
- A mechanic's lien can be filed by:
- Which document conveys title from the seller to the buyer at an Idaho closing?
- The escrow process in a real estate transaction serves to:
- On a closing statement, a 'debit' to the seller means:
- A notice of default is a recorded document that notifies the public that:
- What is an 'ALTA policy' of title insurance and how does it differ from a standard policy?
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