Glossary of "Real Estate Contract" Terms
CHAIN OF TITLE
The recorded history of matters that affect the title to a specific parcel of real property, such as ownership, encumbrances and liens, usually beginning with the original record source of the title. The chain of title shows the successive changes of ownership, each one linked to the next so that a “chain” is formed.
Ownership of a particular property frequently passes through many hands subsequent to the original grant. If any link is broken in a property’s chain of title, then the current “owner” does not have valid title to the property. For example, if a forged deed was somewhere in the chain, then no subsequent grantee would have acquired legal title to the property.
Negotiating Tip 114: Retreat Negotiations
March 29, 2019
Negotiating Tip 113: Activating Our Opponent
March 28, 2019
Negotiating Tip 112: Misconceptions
March 27, 2019