Escrow & Title
Which of the following best describes an 'abstract of title' in Connecticut?
AA guarantee that title is free and clear
BA condensed historical summary of all recorded instruments affecting title to a property✓ Correct
CAn insurance policy against title defects
DA report issued by the Connecticut Real Estate Commission
Explanation
An abstract of title is a summary of the historical chain of title—all recorded deeds, mortgages, liens, and other instruments affecting a property's title, used by attorneys to render a title opinion.
Related Connecticut Escrow & Title Questions
- In Connecticut, the deed is most commonly used to transfer title from seller to buyer at closing is the:
- A Connecticut property is sold 'subject to' an existing mortgage. This means the buyer:
- Which deed is commonly used to clear a title defect because it conveys only whatever interest the grantor may have, with no warranties?
- A 'deed restriction' in Connecticut, also called a 'restrictive covenant,' is enforceable by:
- In Connecticut, a 'certificate of occupancy' (CO) is issued by the:
- In Connecticut, deeds are recorded in the:
- A Connecticut buyer's closing disclosure shows a $3,500 debit for 'prepaid interest.' This amount represents:
- A Connecticut property owner executes a deed but places it in a safe deposit box without delivering it to the grantee. This deed:
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