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 the 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 the property

Question

Quizplus · Accepted Answer

An abstract of title is a summary or chronological history of the chain of title and encumbrances affecting a particular parcel of land. It is typically prepared by a title company or attorney and is used to verify that the seller has legitimate ownership rights and that there are no liens or other encumbrances that might affect the buyer's ownership of the property.

What Is an Abstract of Title