What is an abstract of title?
A) a recordation of a deed that gives constructive notice to the world of the owner's interest in a property
B) a judicial proceeding where a certificate of title is awarded to the real owner to property
C) a form of insurance obtained for losses caused by undiscovered defects in title
D) a chronological history of the chain of title and encumbrances affecting a property

Question

Quizplus · Accepted Answer

An abstract of title is a summary or chronological history of the chain of title and encumbrances affecting a property. It provides information on the ownership history of the property, liens, mortgages, easements, and other encumbrances that may impact the title. It is typically used in real estate transactions to determine if the title is clear and marketable.

What Is an Abstract of Title