The formal right of ownership of property is:
A) the deed
B) the title
C) the documentation
D) the mortgage
E) none of the other choices are correct

Question

Quizplus · Accepted Answer

The title is the formal right of ownership of property. It serves as evidence of ownership and includes a description of the property as well as any liens or outstanding debts associated with it. The deed is a legal document that transfers ownership from one party to another and is recorded with the county or city. The documentation refers to any paperwork related to the property, including the title, deed, and mortgage. The mortgage is a loan taken out to purchase the property, but it does not confer ownership rights.

The Formal Right of Ownership of Property Is