abstract of title
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Abstract of Title
In real estate, a brief history of the ownership of a piece of property. That is, the abstract of title has a summary of all the previous owners and dates of sale. It also lists any potential, conflicting claims to the property. See also: Clear title.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
abstract of titleSynopsis of all prior owners and important claimants to property, with the date and origin of their rights and date and manner of termination, together with all current owners, lienholders, easements, or other such claims against the property.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.