Escrow & Title
An 'abstract of title' in New Hampshire is:
AA summary of the title insurance policy
BA condensed history of all recorded documents affecting title to a property✓ Correct
CA legal opinion confirming clear title
DA survey showing boundary lines
Explanation
An abstract of title is a historical summary of all recorded instruments (deeds, mortgages, liens, court judgments) affecting the title to a 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.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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