Abstract Of Title Legal Meaning and Definition
Here is a simplified definition of the legal term Abstract Of Title.
Abstract of Title (noun)
An Abstract of Title is a summarized record, usually in written form, detailing the specific ownership history and any debts or legal issues connected to a piece of real estate. It starts with the original grant from the government or the earliest known owner and goes through every change in ownership, along with any mortgages, liens, or other legally important events that could affect the property's ownership. This document is often used when someone is buying property to ensure the seller has a clear right to sell it.