Escrow & Title (alternative)
A Maryland title examiner finds a gap in the chain of title (missing deed). This means the title is:
AUnmarketable until the gap is cured or insured over✓ Correct
BAutomatically corrected by adverse possession rules
CCleared by the current owner's long possession
DInsurable at no additional cost
Explanation
A gap in the chain of title creates a cloud on title, making it unmarketable. It must be resolved (through legal proceedings, a corrective deed, or title insurance coverage) before clear title can pass.
Related Maryland Escrow & Title (alternative) Questions
- In Maryland, a 'cloud on title' refers to:
- Title insurance in Maryland does NOT protect against:
- When a Maryland property is sold through foreclosure and the proceeds exceed the mortgage debt, the surplus goes to:
- In Maryland, which type of deed would a trustee use to convey property after a foreclosure sale?
- A Maryland property tax lien takes priority over other liens because:
- In Maryland, a 'deed in lieu of foreclosure' allows a borrower to:
- A Maryland title company discovers that a prior deed in the chain of title was forged. Under the owner's title insurance policy, the buyer is protected because:
- Maryland title companies typically issue which two types of title insurance policies?
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