Escrow & Title
An abstract of title in Kentucky is:
AA title insurance policy
BA condensed history of all recorded instruments affecting title to a property✓ Correct
CA survey of the property boundaries
DA KREC-required document for all sales
Explanation
An abstract of title is a summary of all recorded documents — deeds, mortgages, liens, easements — affecting title to the property, used by an attorney to render a title opinion.
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Key Terms to Know
Abstract of Title
A condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
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