Chain of Title in Real Estate Transactions

What is the chain of title in real estate transactions?

A. Abstract of Title

B. Standard policy of the title insurance

C. Attorney's title opinion

D. Preliminary title report

Answer:

The chain of title would be shown in the Abstract of Title, which is a record of all the documents and information relating to a property's ownership history.

Explanation: The chain of title would be shown in the Abstract of Title, which is a record of all the documents and information relating to a property's ownership history. The Abstract of Title includes information such as previous owners, liens, encumbrances, and transfers. It provides a clear and detailed account of the property's legal status.

In real estate transactions, the Abstract of Title is often examined by attorneys or title insurance companies to ensure a clear and marketable title. It helps identify any potential issues or defects in the chain of title that may affect the property's ownership.

Attorney's title opinion and Preliminary title report are related to the examination of the chain of title, but they do not provide the comprehensive history and details included in the Abstract of Title.

← Juvenile justice system and decision making An adult driver convicted on their first dui conviction will have their drivers license suspended for →

More Posts: