Escrow & Title
A chain of title refers to:
AThe sequence of recorded documents showing the history of ownership and encumbrances of a property✓ Correct
BA list of all liens currently on the property
CThe physical boundary description of a parcel
DThe escrow instructions provided by the parties
Explanation
The chain of title is the chronological record of all recorded instruments (deeds, mortgages, easements, liens) that establish the history of ownership and encumbrances for a specific parcel of real estate.
Related Pennsylvania Escrow & Title Questions
- Marketable title means:
- A title insurance policy in Pennsylvania primarily protects against:
- Which type of title insurance covers title defects that existed before — but were not discovered at — the time of purchase?
- A Pennsylvania 'interpleader' action by a broker holding disputed earnest money involves:
- A Pennsylvania property owner who discovers their neighbor has been adversely possessing a portion of their land can stop the clock on the adverse possession period by:
- A 'survey exception' in a Pennsylvania title insurance policy excludes coverage for:
- The transfer of title in a Pennsylvania real estate transaction is complete when the deed is:
- At a Pennsylvania closing, which document transfers ownership from seller to buyer?
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