Section 15, Unit 1: Reviewing Title in Ohio

Which of the following is an example of a cloud on a title?

A third party has staked a claim on a property

Mario lives in a state that requires an abstract of title for property conveyance. The chain of title is broken approximately 50 years prior to the current date. Which of these properly identifies the status of Mario's title?

Depending on his state's laws, Mario may have marketable title.

Murphey's farm has been in his family for generations, since his great-great-great-grandfather received it as a land grant in 1862. What's the beginning point of this property's chain of title?

Murphey, the current owner

As a licensee, you're helping a couple buy a new home when you come across issues that could mean there's a cloud on the title. What should you do?

Recommend the couple find another property to purchase, or ask the seller to settle the title through a quiet title action to clear any cloud before moving forward with the sale.

If a cloud on a title is discovered, which party is generally responsible for clearing the cloud?

Seller

What may happen to a transaction if a cloud on the title is discovered?

The transaction comes to a standstill until the cloud is cleared.

What's the purpose of a chain of title?

To establish history of past ownership

A quitclaim deed does which of these?

Transfers without warranty any interest or title the grantor has when conveying it