An Abstract of Title is a summary of the legal history of a specific piece of real estate. It includes a chronological list of all documents, such as deeds, mortgages, and liens, that affect the property. This document helps potential buyers and lenders understand the ownership and any claims against the property. The purpose of an Abstract of Title is to provide clarity and assurance regarding the property's title. It is often used during real estate transactions to verify that the seller has the right to sell the property and that there are no unresolved issues that could affect ownership, such as liens or easements.