Property Ownership, Transfer of Title and Land Use 10.2.4

Question 1

When there is an incomplete history, this is known as

Answer 1

Gap in Title

Question 2

What is a a quitclaim used for?

Answer 2

To establish ownership and shore up the gap.

Question 3

what is a Cloud on Title?

Answer 3

Any claim that may impair title.

Question 4

A Title Search is what?

Answer 4

is an examination of public records to determine what defects, if any, exist in the chain of title.

Question 5

An Abstract of Title is?

Answer 5

A “Summary Report” of the items about a property that can be found in public record.

Question 6

What does an Abstract of Title include? and who prepares it?

Answer 6

It includes recorded liens and encumbrances.

It is prepared by an abstractor and does not reveal items that cannot be found in the public records.