Escrow & Title
In Wyoming, a property's chain of title is considered 'broken' when:
AThe property has been sold more than 10 times
BThere is a gap in the ownership record showing no conveyance for a period of ownership✓ Correct
CA lien appears in the title search
DThe property was transferred by inheritance rather than deed
Explanation
A broken chain of title occurs when there is a gap in the ownership record—no recorded deed accounting for a period of time, leaving uncertainty about who held title during that period. A broken chain must be cured (by locating the missing deed, adverse possession, or quiet title action) before title insurance can be issued.
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Key Terms to Know
Chain of Title
The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
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