Escrow & Title
In New Mexico, a 'chain of title' refers to:
AThe list of all liens on a property
BThe chronological sequence of all recorded ownership transfers for a parcel✓ Correct
CThe property's current zoning history
DThe schedule of title insurance premiums
Explanation
Chain of title is the complete, unbroken sequence of recorded deeds and other instruments conveying ownership from the original grant to the present owner, establishing proof of marketable title.
Related New Mexico Escrow & Title Questions
- In New Mexico, an 'abstract of title' is:
- RESPA (Real Estate Settlement Procedures Act) prohibits which practice in New Mexico transactions involving federally related loans?
- A 'cloud on title' in New Mexico refers to:
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- Proration at closing means:
- Recording a deed in New Mexico protects the buyer primarily by:
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