ch 6 Flashcards
1
Q
Requirements for recording
A
Signed
Witness at least 2 who sign to say they are the witnesses
Acknowledge by notary public which is a formal declaration the person did in fact claim to have signed
2
Q
Chain of title
A
Linkage of ownership from now to past
3
Q
Four Factors of growth of title insurance
A
Grantor transfers liability to insurance company
Grantee is comforted by deep pockets
Secondary market reduces risk of loss
Makes title “Marketable” free from reasonable doubts to who is the owner
