An abstract of title is the condensed history of title
to a particular parcel of real estate, consisting of a summary
of the original grant and all subsequent conveyances and encumbrances
affecting the property and a certification by the abstractor
that the history is complete and accurate. In the United States,
the abstract of title furnishes the raw data for the preparation
of a policy of title insurance for the parcel of land in question.
An abstract of title should be distinguished from an opinion
of title. While an abstract states that all of the public
record documents concerning the property in question are contained
therein, an opinion states the professional judgment of the
person giving the opinion as to the vesting of the title and
other matters concerning the status of the chain of title.
Many jurisdictions define the giving of an opinion of title
as the practice of law, thus making it unlawful for a non-attorney
to do so.