An Abstract of Title is defined as which of the following?

An Abstract of Title is defined as which of the following?

• A. The condensed history of a title to a parcel of real estate, with certification by the abstractor that the history is complete and accurate
• B. A warranty deed
• C. A mortgage
• D. A survey

Answer: (A)

An abstract of title is a concise summary of the history of ownership for a parcel, showing the chain of title and all recorded documents that affect the property, with the abstractor’s certificate that the history reviewed is complete and accurate. This makes it a tool to assess whether the title is marketable before a buyer or lender proceeds. It is not a deed that conveys ownership, a mortgage that creates a lien, or a survey of land boundaries. The abstract itself doesn’t guarantee title; it provides the factual basis for an attorney’s opinion of title and, often, for title insurance. This is why the described definition is the best fit.

An abstract of title is a concise summary of the history of ownership for a parcel, showing the chain of title and all recorded documents that affect the property, with the abstractor’s certificate that the history reviewed is complete and accurate. This makes it a tool to assess whether the title is marketable before a buyer or lender proceeds. It is not a deed that conveys ownership, a mortgage that creates a lien, or a survey of land boundaries. The abstract itself doesn’t guarantee title; it provides the factual basis for an attorney’s opinion of title and, often, for title insurance. This is why the described definition is the best fit.