Post by BagLady on Jan 2, 2014 12:47:42 GMT -5
I made reference in the "Comparison" post to Chain of Title. It is critically important to establishing a good title and is the reason why amendments to documents are not sufficient public notice unless specifically referred to on the Deed! Here is some greater definition.
chain of title n. the succession of title ownership to real property from the present owner back to the original owner at some distant time. Chains of title include notations of deeds, judgments of distribution from estates, certificates of death of a joint tenant, foreclosures, judgments of quiet title (lawsuit to prove one's right to property title) and other recorded transfers (conveyances) of title to real property. Usually title companies or abstractors are the professionals who search out the chain of title and provide a report so that a purchaser will be sure the title is clear of any claims.
Conveyance outside chain of title and not identified by definite reference. Any conveyance, transaction or event not appearing of record in the chain of title to the real estate affected…No reference sH all be definite which fails to specify, by direct reference to a particular place in the public land record…
chain of title n. the succession of title ownership to real property from the present owner back to the original owner at some distant time. Chains of title include notations of deeds, judgments of distribution from estates, certificates of death of a joint tenant, foreclosures, judgments of quiet title (lawsuit to prove one's right to property title) and other recorded transfers (conveyances) of title to real property. Usually title companies or abstractors are the professionals who search out the chain of title and provide a report so that a purchaser will be sure the title is clear of any claims.
Conveyance outside chain of title and not identified by definite reference. Any conveyance, transaction or event not appearing of record in the chain of title to the real estate affected…No reference sH all be definite which fails to specify, by direct reference to a particular place in the public land record…