Deeds & Title
A condensed history of all recorded documents and proceedings that affect the title to a specific parcel of real property.
An abstract of title is a summary of all conveyances, liens, encumbrances, and legal proceedings found in the public records that relate to a particular property. It is prepared by a title company or abstractor and provides the basis for a title opinion or title insurance policy. The abstract itself does not guarantee clear title; it simply reports what the records show. In New York, an attorney typically reviews the abstract before issuing a title opinion.
Exam Tip
An abstract summarizes the chain of title but does not guarantee it. Title insurance protects against defects that the abstract may miss.
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Deeds & Title
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NY Real Estate Deeds and Title
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