Abstract of Title
The Abstract of Title, used in real estate transactions, is the more common form of abstract. An abstract of title lists all the owners of a piece of land, a house, or a building before it came into possession of the present owner. The abstract also records all deeds, wills, mortgages, and other documents that affect ownership of the property. An abstract describes a chain of transfers from owner to owner and any agreements by former owners that are binding on later owners.
Read more about this topic: Abstract (law)
Famous quotes containing the words abstract and/or title:
“Alice grown lazy, mammoth but not fat,
Declines upon her lost and twilight age;
Above in the dozing leaves the grinning cat
Quivers forever with his abstract rage....”
—Allen Tate (1899–1979)
“The End?”
—Theodore Simonson. Irvin S. Yeaworth, Jr.. End title card, The Blob, printed on screen at the end of the movie (1958)