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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.
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 ...
Title issues are not common, but if the title search uncovers one — or if it doesn’t, but one comes up later — there can be considerable legal costs. This is where title insurance comes in.
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 companies sometimes maintain private title plants that track real estate titles in addition to the official records. [according to whom?] In other cases, the chain of title is established by an abstract of title, sometimes, although not always, certified by an attorney. In the United States, some holders of mortgage debt may be ...
Abstract may refer to: "Abstract", a 2017 episode of the animated television series Adventure Time; Abstract, 1962 album by Joe Harriott; Abstract algebra, sets with specific operations acting on their elements; Abstract of title, a summary of the documents affecting the title to a parcel of land; Abstract (law), a summary of a legal document
Chad Duell is leaving General Hospital with a bang.. The Jan. 6 episode of the long-running soap opera marked the beginning of the 37-year-old actor's exit storyline when his character Michael ...