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From course:

Mortgage Terms

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Question:

A concise statement, usually prepared for a mortgagee or purchaser of real property, summarizing the history of a piece of loan, including all conveyances, interests, liens, and encumbrances that affect title to the property. A good and merchantable abstract of title shows clear and marketable title, rather than showing only the history of the property

Author: Memorable Ladybug



Answer:

Abstract of title


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