Escrow & Title
An Iowa seller has lived in the home for 10 years and wants to sell. At closing, the abstract should be updated to reflect:
AOnly the current year's deed
BAll recorded instruments since the last abstract continuation, showing the current chain of title✓ Correct
COnly the mortgage payoff information
DOnly judgments and liens since the last sale
Explanation
An abstract continuation updates the abstract of title to include all recorded instruments (deeds, mortgages, liens, releases, etc.) since the last update, maintaining a complete and current chain of title.
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