Escrow & Title
An abstract of title in North Carolina is:
AA summary of all recorded instruments affecting a specific parcel✓ Correct
BA title insurance policy
CA government-issued title certificate
DAn informal property description
Explanation
An abstract of title is a condensed summary of all recorded documents (deeds, mortgages, liens, easements) affecting title to a specific parcel of real property.
Related North Carolina Escrow & Title Questions
- A 'title binder' in NC real estate provides:
- In North Carolina, trust account funds (earnest money) must be deposited within:
- In North Carolina, the 'excise tax' (revenue stamps) on deed transfers is paid at what rate and by whom?
- The 'settlement statement' (Closing Disclosure) at a NC closing shows:
- A NC broker who disburses trust funds without authorization from the parties involved has committed:
- Which of the following is typically a seller's closing cost in a North Carolina transaction?
- The chain of title in North Carolina refers to:
- Which of the following best describes a 'lis pendens' recorded against a NC property?
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