Melisa's mother gave her house to Melisa, along with a signed copy of the deed granting ownership to Melisa. Years later, Melisa decides to downsize by selling the property. The title company shows that the property is still in Melisa's mother's name. What does Melisa have to do to clear this up?

Question

Social Studies

Guest

3 December, 13:17

Melisa's mother gave her house to Melisa, along with a signed copy of the deed granting ownership to Melisa. Years later, Melisa decides to downsize by selling the property. The title company shows that the property is still in Melisa's mother's name. What does Melisa have to do to clear this up?

+2

Answers (2)

Know the Answer?

Israel Hendrix · Answer 1

To preserve the chain of title, Melisa needs to record the signed deed. Then future records will show an unbroken chain of title.

Explanation:

When Melissa records the signed deeds the records will show an unbroken of chain title without that she can not sell the property

Chain of title is the official ownership record of a property or asset. Chain of ownership gets its name from its sequential nature; a chain of title traces historical title transfers from the current owner back to the original owner. This is great importance in establishing ownership of a property or asset, rigorous and accurate title records are generally kept by a centralized registry or system.

Skyler Cardenas · Answer 2

To preserve the chain of title, Melisa needs to record the signed deed. Then future records will show an unbroken chain of title.

Explanation:

Melisa cannot sell the property even though the deed granting her ownership was signed and with her. Because the property is still in her mother's name with the title company, Melisa must preserve the chain of title and record the signed deed. Once this is done, future records will then show that she did not break the chain of title but the deed transfer ownership to her, and thus she is allowed to sell it if she wants.