Chain Of Title Legal Meaning and Definition
Here is a simplified definition of the legal term Chain Of Title.
Chain of Title (noun): The sequence of historical transfers of titles of ownership for a property, tracing from the current owner back to the original one. A Chain of Title is particularly important for verifying that the current owner rightfully holds a clear title, meaning there are no pending claims or rights of another party on the property. A title company or abstractor is often employed to ensure such clarity in the Chain of Title.