Escrow & Title
An 'abstract of title' is best described as:
AA summary of all recorded documents affecting a specific property✓ Correct
BA guarantee that the title is clear
CAn insurance policy protecting against title defects
DA physical survey of the property boundaries
Explanation
An abstract of title is a condensed history or summary of all recorded instruments (deeds, mortgages, liens, easements, etc.) affecting a parcel of land. It is then reviewed by an attorney who issues a title opinion.
Related California Escrow & Title Questions
- In California, who typically pays for the owner's title insurance policy?
- Which of the following is considered an involuntary lien?
- Which of the following best describes 'title insurance'?
- A preliminary title report is issued by a title company PRIMARILY to:
- When does title officially transfer to the buyer in a California real estate transaction?
- In California, the escrow officer receives instructions from:
- Which type of lien takes priority regardless of when it was recorded?
- A preliminary title report (prelim) is ordered in escrow primarily to:
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