abstract of title

Definition of "abstract of title"
  1. A concise report documenting all changes to a piece of real estate's ownership and any claims against it, such as property loans, deed restrictions, mortgages, liens, judgments, and taxes. It typically includes information from the local county recorder's office and may require an expert to compile
How to use "abstract of title" in a sentence
  1. The couple requested an abstract of title before finalizing the purchase of their first home.
  2. The bank insisted on viewing the abstract of title before approving the mortgage loan.
  3. Their lawyer advised them to check the abstract of title to ensure there were no outstanding liens on the property.

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