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Abstract of title Definition from Language, Idioms & Slang Dictionaries & Glossaries
abstract of title
(law), an epitome of the evidences of ownership...
see also abstract
Abstract of title Definition from Business & Finance Dictionaries & Glossaries
A summary of the public records relating to the title to a particular piece of land. An attorney or title insurance company reviews an abstract of title to determine whether there are any title defects which must be cleared before a buyer can purchase clear, marketable, and insurable title.
Mike WagnerAbstract of title Definition from Encyclopedia Dictionaries & Glossaries
A property abstract is a collection of legal documents which chronicles activities associated with a particular parcel of land. Generally included are references to deeds, mortgages, wills, probate records, court litigations and tax sales. Basically, any essential legal documents that affect the property. The abstract will also show the names of all property owners and how long a particular holder owned it for as well as showing the price the land was exchanged for when it changed owners. Rarely an abstract will mention capital improvements to the property. Property abstracts are considered good starting places for research on historical buildings.
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Abstract of title Definition from Law Dictionaries & Glossaries
A short history of title to land noting all conveyances,transfers, grants, wills, and judicial proceedings, and all encumbrances andliens, together with evidence of satisfaction and any other facts affectingtitle.
