Which document is typically used to note a lien on the title of property?

Prepare for the National Ownership Exam with study materials including flashcards and multiple choice questions featuring detailed hints and explanations. Get ready to ace your exam!

A lien on the title of property is generally noted on a document called an abstract. An abstract of title summarizes the ownership history and all the claims against a property, including liens. This document is essential for establishing the legal standing of the property and ensuring that any liens are formally recorded and recognized in regard to ownership.

Noting a lien involves documenting the creditor's legal claim on a property, which is typically included in the abstract to provide a complete view of the property's legal encumbrances. This ensures that any potential buyers or lenders can see any existing debts or obligations tied to the property, which could affect its value and transferability.

While a deed, mortgage agreement, and title deed relate to property ownership and financing, they serve different purposes. The deed is used to transfer ownership, the mortgage agreement specifies the loan terms secured by the property, and the title deed is a legal document that confirms ownership but does not specifically document liens. Therefore, the abstract is the correct document primarily used for this purpose.

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