Escrow & Title
A 'chain of title' examination in New Jersey traces the history of:
AAll mortgage payments made on a property
BAll recorded instruments affecting ownership from the present back to the original grant✓ Correct
CRental history and tenant turnover only
DProperty tax payment records only
Explanation
A chain of title examination reviews the sequence of all recorded instruments—deeds, mortgages, liens, judgments—affecting a property's ownership. This ensures the current seller has clear, marketable title and identifies any encumbrances that must be resolved at closing.
Related New Jersey Escrow & Title Questions
- In a NJ commercial real estate transaction, the seller's attorney typically provides the buyer's attorney with a:
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