Escrow & Title
In Michigan, 'abstract of title' is a document that:
AReplaces the need for title insurance
BSummarizes all recorded instruments and proceedings affecting a property's title in chronological order✓ Correct
CIs a type of deed used in estate sales
DProvides a guarantee of clear title by the county
Explanation
An abstract of title is a condensed history of all recorded instruments (deeds, mortgages, liens, etc.) affecting a parcel of real property, compiled in chronological order from the public records. An attorney reviews it to render a title opinion.
Related Michigan Escrow & Title Questions
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