Escrow & Title
In Michigan, an abstract of title is:
AA short summary of the property's physical condition
BA chronological summary of all recorded documents affecting title to a specific property✓ Correct
CA lender's appraisal report
DA document that guarantees clear title
Explanation
An abstract of title is a condensed history of all recorded instruments (deeds, mortgages, liens, judgments) affecting a specific parcel, providing the basis for a title opinion by an attorney.
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