abstract of title
- The definition of an abstract of title is a brief history of the titleholders and liens on a piece of real estate.
An example of an abstract of title is an overview of everyone who has ever owned a particular house.
abstract of title definition by Webster's New World
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
a brief history of the ownership of a piece of real estate, from the original grant through the present holder, including a statement of liens to which it may be subject
abstract of title definition by American Heritage Dictionary
nounThe American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
A brief history of the transfers of a piece of land, including all claims that could be made against it.
abstract of title - Business Definition
The American Heritage® Dictionary of Business Terms Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
A condensed history of transactions relative to a specific parcel of land. The abstract includes changes of ownership and liens or encumbrances. See also chain of title.
abstract of title - Legal Definition
A short history or summary of the ownership of a parcel of land. The abstract includes a list of all conveyances, transfers, and other evidence of title; all grants, conveyances, wills, records, and judicial proceedings that may affect title; and a list of encumbrances and liens of record on the land, along with a statement whether the encumbrances and liens still exist. A company whose business is to obtain such information from public records usually does such an abstract for the mortgagee or buyer of real property in connection with a proposed sale of land. See also chain of title.