 |
Abstract Of Title
Definition
|
|
| a full summary of all consecutive grants, conveyances, wills, records and judicial proceedings affecting Title to a specific parcel of real estate, together with a statement of all recorded liens and encumbrances affecting the property and their present status. the abstract of Title does not guarantee or ensure the validity of the Title of the property. rather, it is a condensed history that merely discloses those items about the property that are of public record; thus, it does not reveal such things as encroachments and forgeries. (also see abstracter, Title insurance policy, certificate of Title)
next word in word list.
| | Avg. Rating : 5.00 |
|
 |
 
 |
Browse 
