GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
^
50% - Moderately

Chain of Title


Synonyms:history of title, list of owners, records of title
Filed Under: legal-contracts, real-estate
Tags: contract, legal, realty
 

Definition of chain of title

chain of title
1. Legal records that track the ownership of a property from the most recent owner to the original owner.

Related Terms and Acronyms:

  • abstract of title (ab)   A written history of all the transactions that bear on the title to a specific piece of land. An abstract of title covers the time from when the property was first sold to the present.
      ➥  AB is a common abbreviation for Abstract of Title when used in property listings and real estate classifieds.
  • certificate of title   A written document stating that the title to a piece of property is legally vested in the present owner.
  • deed (D)   A document that provides title to property and is filed with a country recorder.
      ➥  Used to transfer ownership of assets, often land or automobiles.
  • examination of title   A review of public records and title abstracts to determine the chain of ownership of a property.
  • land title   The legal document conveying title to a property.
  • title insurance   Insurance that covers title defects and ownership challenges on a property.
  • title search   A check of public records to make sure that the owner of real property has the right to transfer ownership. A title search is designed to spot gaps in the chain of title, liens, problems with the legal description of the property, judgements against the owner, and the like.
  • torrens system   A system that is provided by Provincial law for the registration of land titles. The system records the state of the title, including ownership and encumbrances without the necessity of an additional search of the public records. Also known as the "Land Titles System."
  • transfer of title (TOT)   A document signed by the seller and purchaser transferring ownership, at which time the document is registered against the property.

Search the Glossary

Mortgage Payment Calculator
Did you know that you can save over $28,000 in interest on a $300,000 mortgage by simply switching to biweekly-accelerated payments? Find out how much you could save on your next mortgage with our new calculator.
Try Our New Calculator
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for all of Canada.

Mortgage Product Type Inquiries
Mortgage Pre-approval21.57%
First-time Home Buyer17.26%
New Purchase15.31%
Refinance/Consolidate Debt14.19%
No Money Down discontinued11.65%
Mortgage Renewal10.16%
Other9.85%
 
Urban or Rural Mortgage
Regardless of where you are in Canada, we will work hard to provide you with a low interest mortgage rate. To find out what we have available, fill out our mortgage application today.
Best Rates Countrywide