Meagan has been asked to search the chain of title to a cottage property located on the Lake of the Woods in Northwestern Ontario.If the deal proceeds after Meagan has completed the search,which of the following is the most likely result of the investigation?

Question

Quizplus · Accepted Answer

The most likely result of the chain of title investigation by Meagan is verification of ownership and clear title. This means that Meagan will confirm that the seller is the rightful owner of the property, and there are no outstanding legal claims or defects on the property's title that could cause problems for the buyer. This is an essential step in any real estate transaction to protect the Buyer's interests.

Meagan Has Been Asked to Search the Chain of Title