Abstract Of Title

What is an abstract of title?

An abstract of title is a condensed historical summary or a chronological timeline of the ownership and transfers of a particular piece of real estate. It's a crucial document in real estate transactions that outlines the property's history and verifies the legitimacy of its ownership.

What details are included in the abstract of title?

Some of the details typically included in abstract of title include: 

• Ownership chain: a comprehensive list of all recorded transactions, documenting transfers of ownership from the original grantee to the present owner.
• Liens and encumbrances: any liens, mortgages, easements, or restrictions that affect the property are recorded in the abstract.
• Legal documents: deeds, court orders, wills, or other legal instruments that impact the property's ownership or use are summarised in the abstract.
• Property descriptions: physical descriptions, boundaries, and any other relevant details about the property, helping to ensure it matches the property being sold. 

How to get an abstract of title

To get a hold of an abstract of title you first want to contact a title company or abstractor who specialise in researching property records and can provide an abstract of title. 

You'll then need to provide specific details about the property, such as the legal description, address, or parcel number, to facilitate the search.