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An abstract of title is the condensed history of the 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.
The title abstract is provided to the title company, attorney, or end-user by the abstractor. For example, a title report may also show any easements, or recorded encumbrances against the property or portions of the property.
In United States law, evidence of title is typically established through title reports written up by title insurance companies, which show the history of title (property abstract and chain of title) as determined by the recorded public record deeds; [11] the title report will also show applicable encumbrances such as easements, liens, or ...
Title insurance premium: Buyers are generally required to purchase a lender’s title insurance policy, which protects their lender in the event of a claim dispute. This premium is a one-time cost ...
The abstract of title, used in real estate transactions, is the more common form of abstract. An abstract of title lists all the owners of a piece of land, a house, or a building before it came into possession of the present owner. The abstract also records all deeds, wills, mortgages, and other documents that affect ownership of the property ...
The record title system differs significantly from land registration systems, such as the Torrens system, that have been adopted in a few states. The principal difference is that the recording system does not determine who owns the title or interest involved, which is ultimately established through litigation in the courts.
Animals are all around us. Because of their proximity, many people take for granted how truly dangerous some animals really are. Let’s discuss the 10 most dangerous animals in the world ranked ...
Texas law enforcement issued a word of warning to Ford truck owners after they arrested a trio of thieves who targeted the high-end truck model by stealing taillights.