Exploring Acceptable Evidence of Ownership
Which of the following would not be acceptable evidence of ownership?
a) attorney's opinion
b) deed to the current owner signed by the last seller
c) title insurance policy
d) abstract
The answer is a) attorney's opinion. An attorney's opinion is not considered acceptable evidence of ownership because it is subjective and based on the attorney's professional judgment rather than concrete proof. While an attorney's opinion can provide guidance and insight into the legal aspects of ownership, it does not provide direct evidence of ownership itself.
Understanding Acceptable Evidence of Ownership
b) Deed to the current owner signed by the last seller: This is a legal document that proves the transfer of ownership from the previous seller to the current owner. It establishes a clear chain of ownership.
c) Title insurance policy: This is a contract between the property owner and an insurance company that protects against any defects in the title. It is issued after a thorough examination of public records to ensure that the property has a clean title.
d) Abstract: An abstract is a summary of the history of the property's ownership, including any liens, encumbrances, or other relevant information. It provides a comprehensive overview of the property's ownership history.
In conclusion, an attorney's opinion would not be considered acceptable evidence of ownership because it is subjective, while the other options provided in the question (deed, title insurance policy, and abstract) would generally be acceptable evidence of ownership.