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What does abstract of title mean in real estate?

Abstract refers to an abbreviated history of an official record . Some common usages of the term abstract in a legal sense include: Abstract of title merely recites what the land records disclose without giving opinion or advice as to the legal effect of what is found.

What does abstract mean legally?

Abstracts Title Searches In modern times, abstracts are not used in a majority of states though there are still utilized in some states such as Iowa and some parts of the Dakotas. In other states, the current common practice is for the title company to do a title search directly from the public records.

What states require an abstract of title?

A title search similarly digs into a propertys history, but it usually only goes back a decade or so. The abstract of title, on the other hand, generally lays out the propertys entire history from the point that it was first recorded as an owned parcel of land.

What is the purpose of an abstract of title?

An abstract of title, or property abstract, is a collection of legal documents detailing the history of a piece of real property and any legal claims against it. The abstract catalogs all legal activities associated with the property, including deeds, mortgages, litigations, tax sales, title transfers and encumbrances.

Who holds the abstract of the title?

Who holds the abstract of title? The abstract of title is held by county records offices for the county the property is located in. Anyone has the right to search real estate title records because title records are public records. Records that are made available to the public are filed at local county recorder offices.