Escrow & Title
A Kentucky buyer purchases property from a seller who recently inherited it. To ensure clear title, the buyer's attorney should verify:
AThe decedent's credit history
BThat the estate was properly probated and the deed is executed by the proper personal representative✓ Correct
CThe decedent's intent from informal writings
DOnly the most recent deed in the chain of title
Explanation
When property is transferred through inheritance, the estate must be properly probated and the personal representative (executor or administrator) must have proper authority to convey. The buyer's attorney should verify the probate proceedings and ensure the deed is properly executed.
Related Kentucky Escrow & Title Questions
- In Kentucky, deeds and mortgages are recorded at the:
- A Kentucky property's chain of title is searched at the:
- Which of the following items would typically appear as a credit to the buyer on the closing disclosure?
- The purpose of recording a deed in Kentucky is to:
- An abstract of title is:
- A Kentucky attorney issues a title opinion after finding a gap in the chain of title 30 years ago. The attorney's recommendation would likely be to:
- A Kentucky title search typically examines public records going back:
- At closing, proration of real estate taxes means:
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