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Abstract Of Title

Definition

A property abstract is a collection of 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.

What is 'Abstract Of Title'

A brief history of the titles for a piece of land. The abstract of title lists all of the legal actions that have been performed or used in conjunction with a piece of property. This is used to determine whether or not there is any kind of claim against a property.

Explaining 'Abstract Of Title'

The abstract of title includes transfers, grants, wills and conveyances, liens and encumbrances. It also provides any evidence or proof of satisfaction or other facts or information pertinent to a piece of property. All potential buyers of a property should request this to determine the status of the property.


Further Reading


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Q&A About Abstract Of Title


How does an abstract of title help determine whether or not there are any claims against a property?

An abstract of title lists all legal actions and transfers, grants, wills and conveyances, liens and encumbrances. It also provides any evidence or proof to satisfy satisfaction or other facts pertinent to a piece of property.

Why should potential buyers request this information when purchasing real estate?

To determine the status of the property.

What is the abstract of title?

The abstract of title is a list of legal actions that have been performed or used in conjunction with a piece of property.

What does an abstract include?

An abstract includes transfers, grants, wills and conveyances, liens and encumbrances. It also provides any evidence or proof to satisfy satisfaction or other facts pertinent to a piece of property.

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