Escrow & Title
A 'chain of title' in Pennsylvania real estate refers to:
AThe physical security chain used to lock a vacant property during an escrow period
BThe chronological sequence of recorded ownership transfers tracing the property back to its original grant✓ Correct
CThe priority order in which liens and mortgages are paid off at closing
DA list of all currently active mortgages and liens recorded against the property
Explanation
Chain of title is the chronological record of all ownership transfers — deeds, sheriff's deeds, inheritances — for a property, traceable from the current owner back to the original government patent or grant. A clear, unbroken chain of title is essential for conveying marketable title. Pennsylvania title examiners search county deed records to identify gaps, defects, or adverse claims. Title insurance insures against undiscovered defects in the chain that could challenge the buyer's ownership.
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