Escrow & Title
In Illinois, what does 'abstract of title with attorney opinion' mean?
AA title insurance policy issued by an attorney
BA title search compiled as an abstract of recorded documents, followed by a licensed attorney's written opinion of the title's marketability✓ Correct
CA court's ruling on the validity of a property's title
DIDFPR's certification that a property has clear title
Explanation
An abstract with attorney opinion is a form of title assurance used in some Illinois (particularly downstate) communities. A title company or abstractor compiles a complete abstract of all recorded documents, and an attorney reviews it and issues a written opinion about the title's validity and marketability. It is a lower-cost alternative to title insurance in some markets.
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