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In real estate business and law, a title search or property title search is the process of examining public records and retrieving documents on the history of a piece of real property to determine and confirm property's legal ownership, and find out what claims or liens are on the property. [1]
A property abstract is a summary of the legal documents that chronicle transactions associated with a particular parcel of land. Generally included are references to deeds , mortgages , wills , probate records, court litigations , and tax sales —basically, any legal document that affects the property.
Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...
These real estate transactions, recorded the week of Nov. 13, are compiled from information on file with Peoria, Tazewell and Woodford counties. They represent sales of $78,000 or more.
A tract index is a document which summarizes real property transactions in certain U.S. states and may be available in the offices of Recorder of deeds. Layout and content [ edit ]
To determine the purchase price of the real estate, divide the transfer fee by 0.003. For example, the top transfer fee listed here is for $1,239.60. Dividing that fee by 0.003 gives you the ...
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