Which of the following best describes a "preliminary title report"?

A preliminary title report is specifically designed to summarize the current condition of a property's title prior to the closing of a real estate transaction. This document outlines any liens, encumbrances, or other issues that may affect the title, ensuring that all parties are aware of the title’s status before the transaction proceeds. It serves as a critical step in the title insurance process, providing essential information that can help buyers and lenders make informed decisions.

This report is not focused on title insurance claims, property market value, or a final assessment of worth, as those aspects pertain to different areas of real estate transactions. The primary purpose of a preliminary title report is to evaluate and outline the key issues related to the title itself, making option C the most accurate description.