Escrow & Title
Chain of title refers to:
AThe order of lien priority on a property
BThe chronological history of ownership transfers for a property✓ Correct
CThe sequence of inspections required before closing
DThe list of mortgage holders on a property
Explanation
Chain of title is the complete chronological record of all transfers of ownership for a property, from the original grant to the present owner. A clear chain of title is essential for marketable title.
Related Tennessee Escrow & Title Questions
- In Tennessee, which of the following is typically NOT prorated at closing?
- In Tennessee, county register of deeds offices record documents to:
- At a Tennessee residential closing, the seller's proceeds are typically disbursed:
- A deed must be delivered and accepted to be effective. The primary purpose of recording a deed is to:
- In Tennessee, real estate closings are most commonly handled by:
- A Tennessee buyer who is purchasing a property using a VA loan should know that VA loans:
- An 'ALTA' title insurance policy provides broader coverage than a standard policy because it includes coverage for:
- An 'exception' in a title insurance policy is a matter that:
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