Escrow & Title
A Vermont property's 'chain of title' is best described as:
AThe physical chain-link fence marking property boundaries
BThe successive recorded transfers of ownership from the original grant to the present owner✓ Correct
CThe list of all outstanding mortgage liens
DThe town's grand list records for the property
Explanation
The chain of title is the chronological sequence of recorded documents tracing ownership of a property from its earliest recorded conveyance to the present owner. Vermont's chain of title is maintained in town clerk land records and is examined to establish marketable title.
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