Escrow & Title
In New Jersey, a title search typically goes back how many years to provide reliable title evidence?
A10 years
B25 years
CAt least 40–60 years, or to a good root of title✓ Correct
D5 years
Explanation
A thorough NJ title search typically examines the chain of title for 40–60 years or back to a recognized root of title. This ensures any encumbrances, liens, or defects within the statute of limitations period are identified before closing.
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Key Terms to Know
Chain of Title
The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
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