What is defined as a document prepared by a title attorney detailing the chain of title and offering an opinion on the marketability of the seller's title?

The document that details the chain of title and offers an opinion on the marketability of the seller's title is known as a Certificate of Title. This legal document is prepared by a title attorney, and its primary function is to confirm that the title to a property is valid, showing the ownership history and any encumbrances that may affect the title, such as liens or easements.

The Certificate of Title is crucial in real estate transactions, as it reassures buyers and lenders that the title is clear and transferable. A well-prepared Certificate can help mitigate potential disputes over ownership and clarify any issues related to the property's title.

In contrast, the other options have different definitions: the Chain of Title refers to the historical record of ownership transfers for a property, Chattel denotes personal property that is movable and not affixed to the land, and Closing represents the finalization of a real estate transaction, wherein the transfer of ownership officially occurs. None of these terms encompass the comprehensive assessment of title marketability that a Certificate of Title provides.