Escrow & Title
In Delaware, what is an 'abstract of title'?
AA summary of the current owner's mortgage balance
BA chronological summary of all recorded documents affecting title to a property, prepared by an abstractor✓ Correct
CA deed transfer form required by the county recorder
DAn insurance policy covering title defects
Explanation
An abstract of title is a chronological summary of all public records affecting title to a property — including deeds, mortgages, liens, easements, and court actions. An attorney reviews the abstract to render a title opinion. Title insurance is then issued based on the abstract.
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