Escrow & Title
In Montana, a 'chain of title' refers to:
AThe physical condition of a property's access road
BThe sequence of historical transfers of property ownership from the earliest recorded owner to the present✓ Correct
CThe list of all outstanding liens on the property
DThe succession of management companies for a rental property
Explanation
The chain of title is the historical sequence of all recorded conveyances and encumbrances affecting a property's title from the original grant to the present owner. Title examiners trace this chain to identify any gaps, breaks, or defects that might cloud the current owner's title.
Related Montana Escrow & Title Questions
- What is the chain of title?
- In Montana, 'possession' of a property at closing is typically transferred:
- In Montana, a quitclaim deed conveys:
- In Montana, when a buyer requests a 'holdback' of sale proceeds at closing to cover potential undisclosed defects, this is typically:
- In Montana, a general warranty deed provides which level of protection to the buyer?
- In Montana, a title insurance commitment issued before closing serves to:
- In Montana, a special warranty deed differs from a general warranty deed in that the special warranty deed:
- In Montana, a 'title plant' search versus a 'county records' search for title insurance purposes differs in that:
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