What Is A Property's Chain Of Title? Are you curious about what a property's chain of title is and why it matters in real estate transactions? In this video, we'll explain the fundamentals of the chain of title and its role in property ownership. You'll learn how the chain of title tracks the history of a house from its initial construction to the present day, showing every transfer of ownership through sale, inheritance, or other legal means. Understanding this record helps verify that the current owner has the legal right to sell and reveals if there are any unresolved claims, liens, or encumbrances on the property.
We will also discuss how professionals perform a title search by examining public records, deeds, and official documents stored by local recording offices. While anyone can perform a basic search, legal experts like real estate attorneys or title companies usually handle this process to ensure accuracy and completeness. The process can take several days or weeks depending on the number of records involved. Knowing how to interpret and correct issues in the chain of title is essential for both buyers and lenders, as it ensures a smooth transfer of ownership and legal protection.
This video provides essential information for anyone involved in real estate transactions, helping you understand how ownership history impacts property rights and future sales.
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