Unit 8 Title Record

Question 1

If ownership cannot be traced through an unbroken chain, a gap in the chain of title or cloud on the title I said to exist. In such a case, it is necessary to establish ownership by a court action called

Answer 1

An action to quiet title

Question 2

Proof of ownership is evidence that a title is

Answer 2

Marketable

Question 3

The torrens System is legal registration system used to verify ownership of

Answer 3

Real estate

Question 4

Issued as an owner’s policy or mortgagee’s policy to protect the insured from losses arising from defects in title and hidden defects, but it also identifies exclusions from coverage that typically include readily apparent title defects, zoning and others. This is?

Answer 4

Title insurance

Question 5

A record of properties ownership, but it does not include leaves and other encumbrances. A gap in the chain or other dispute of ownership creative cloud on the title, which is resolved by suit to quiet title. This type of record is called?

Answer 5

Chain of title