Escrow & Title
Which of the following BEST describes the chain of title?
AA list of all current liens on a property
BThe chronological history of ownership transfers for a parcel of real property✓ Correct
CThe sequence of mortgage holders
DThe order in which liens are satisfied at closing
Explanation
The chain of title is the chronological record of all previous ownership transfers of a parcel of real property, from the original patent to the current owner. A title search traces this chain to identify any gaps or defects.
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