What is typically examined to determine flaws in property ownership?

The abstract of title is a critical document used to examine the history of ownership of a property, highlighting any potential flaws or issues that may affect the title. It provides a comprehensive summary of all recorded matters related to the property, including ownership transfers, liens, encumbrances, and any legal actions concerning the property. By reviewing the abstract of title, potential buyers, lenders, and title insurers can identify any defects or claims that may compromise the ownership or marketability of the property.

In contrast, the certificate of title serves as a statement of the current state of the title and does not delve into its historical context; it generally guarantees that the title is free of defects. A deed of trust is primarily used in financing transactions and secures a loan with the property but does not provide a complete picture of title history. A property appraisal focuses on determining the market value of the property rather than examining ownership flaws. Thus, the abstract of title is the most relevant tool for assessing any issues surrounding property ownership.