abstract of title

Dictionary of Banking Terms for: abstract of title
abstract of title

summary of title to real property, listing current owners, liens, judicial proceedings, satisfaction of claims, and other information affecting title. A title abstract is a necessary step in obtaining title insurance.

Dictionary of Business Terms for: abstract of title
abstract of title

short history of title to land, noting all conveyances, transfers, grants, wills and judicial proceedings, and all encumbrances and liens, together with evidence of satisfaction and any other facts affecting title.

Dictionary of Real Estate Terms for: abstract of title
abstract of title

a historical summary of all of the recorded instruments and proceedings that affect the title of property.

Example: An abstract company will compile an abstract of title with copies of all recorded instruments affecting title to a specific tract.

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