Escrow & Title

A Maryland chain of title is a:

AList of all mortgages ever placed on a property

BChronological record of all recorded documents affecting title to a property✓ Correct

CSummary of current liens only

DDescription of the property's physical improvements

Explanation

The chain of title is a chronological history of all recorded transfers and encumbrances affecting ownership of a property, used in title searches.

The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.

Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.

A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.

A condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.

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