Escrow & Title
An abstract of title is:
AA guarantee that title is clear
BA condensed history of all recorded documents affecting a property's title✓ Correct
CA type of title insurance policy
DA deed that conveys bare legal title
Explanation
An abstract of title is a condensed chronological summary of all recorded instruments — deeds, mortgages, liens — that affect a property's title, used by an attorney to render a title opinion.
Related New Mexico Escrow & Title Questions
- In New Mexico, which instrument releases a deed of trust lien after the mortgage is paid in full?
- A lis pendens recorded against a property indicates:
- In New Mexico, 'title by adverse possession' differs from title by deed in that adverse possession:
- In New Mexico, a 'quiet title action' is filed in court to:
- In New Mexico, a title company's 'title plant' is:
- Proration at closing means:
- Title insurance protects the insured against:
- A New Mexico title search reveals a 'mechanic's lien' on the property. This lien arises from:
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