Escrow & Title
A 'chain of title' in New Mexico refers to:
AThe sequence of locked gates on a ranch property
BThe chronological history of all recorded documents affecting title to a specific property✓ Correct
CThe list of all liens on a property
DThe NMREC license history of brokers who have sold a property
Explanation
The chain of title is the complete history of all recorded ownership transfers, encumbrances, and other documents affecting title to a property from the earliest recorded grant to the present.
Related New Mexico Escrow & Title Questions
- In New Mexico, the priority of liens is generally determined by:
- In New Mexico, the closing agent or escrow officer's primary role is to:
- Proration at closing means:
- In New Mexico, a title company performs a 'title search.' The purpose of this search is to:
- In a New Mexico closing, the 'HUD-1' settlement statement has been replaced by the:
- In New Mexico, a 'warranty of title' in a general warranty deed protects the grantee by covenanting against:
- Which of the following encumbrances would NOT appear in a title search but could still affect a New Mexico property?
- In New Mexico, 'title by adverse possession' differs from title by deed in that adverse possession:
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