Final answer:
An abstract of title contains information from public records related to the history of a property's ownership and is summarized in a document. It may include past owners, mortgages, leases, and legal proceedings but is not specifically required to list missing heirs nor needs to be created by an attorney. The correct option is A.
Step-by-step explanation:
Regarding an abstract of title, which of the following is correct? The answer is A. It contains information from public records. An abstract of title is a document that summarizes the history of ownership for a particular piece of property.
It includes a chain of title, which is a list of historical transactions and documents affecting the property. Typically, an abstract of title includes information like past owners, mortgages, leases, tax payments, and any legal proceedings that affect the property.
An abstract of title is not always required before property can be listed, so option B is incorrect. Option C is also incorrect because an abstract of title may not necessarily contain missing heir information unless it pertains to the legal history of the property's title.
Lastly, while attorneys can develop an abstract of title, it is not a requirement that only they do so, thus making option D inaccurate.