Escrow & Title
In New Jersey, the 'abstract of title' is:
AA form of title insurance
BA condensed history of all recorded instruments affecting a property's title✓ Correct
CThe current property tax bill
DThe physical description of the property boundaries
Explanation
An abstract of title is a written summary of the recorded documents (deeds, mortgages, liens, judgments) in the chain of title, prepared by an abstractor. An attorney then reviews the abstract to render a title opinion. Title insurance has largely replaced abstracts in modern NJ practice.
Related New Jersey Escrow & Title Questions
- Recording a deed in NJ is important because it:
- A NJ property sold at a foreclosure sale requires the purchaser to be aware that:
- In New Jersey, 'title by descent' (intestate succession) means a deceased person's property passes to:
- In New Jersey, the document that formally transfers ownership of real property from seller to buyer at closing is the:
- In New Jersey, who typically holds the earnest money deposit during a real estate transaction?
- In New Jersey, a 'deed in lieu of foreclosure' is an arrangement where:
- New Jersey is an 'attorney state' for real estate closings. This means:
- Prorations at a NJ closing are used to:
Practice More New Jersey Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Jersey Quiz →