Escrow & Title
A 'chain of title' refers to:
AThe physical documents kept in a safe at the title company
BThe chronological history of ownership transfers for a parcel of real estate✓ Correct
CThe list of liens against a property
DThe legal description of a property
Explanation
The chain of title is the chronological sequence of ownership transfers — the history of all deeds, conveyances, and encumbrances recorded for a specific parcel of real estate. A clear chain of title is essential for marketable title.
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