Abstract of title

Abstract of title

A historical summary of the public records relating to the title to a particular piece of land. An attorney or title insurance company reviews an abstract of title to determine whether there are any title defects which must be cleared before a buyer can purchase clear, marketable and insurable title.

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Part of Speech: noun
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Industry/Domain: Business services
Category: Relocation
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abstract of title

Legal services; Courts

A chronological summary of all official records and recorded documents affecting the title to a parcel of real property.

abstract of title

Business services; Relocation

A historical summary of the public records relating to the title to a particular piece of land. An attorney or title insurance company reviews an abstract of title to determine ...

abstract of title

Earth science; Mapping science

(1) A complete summary of all information on public record relating to ownership (title) of a parcel of land. (2) A summary of all conveyances, such as deeds or wills, and ...

abstract of title

Accounting; Tax

A summary of all the conveyances, grants, transfers, judicial proceedings, etc that have affected the title to a parcel of real property An abstract only shows the items of ...

abstract (of title)

Real estate; General

A summary of the public records relating to the title to a particular piece of land. An attorney or title insurance company reviews an abstract of title to determine whether there ...

abstract of title

Real estate; General

A document that traces the history of title or a particular parcel of real estate from the original government grant through the chain of ownership including all conveyances and ...

bridge loan

Business services; Relocation

A loan that is provided to an employee by his/her company to assist in purchasing a destination home when the departure home has not yet sold. The loan is typically interest free.

mortgage

Business services; Relocation

A written instrument that creates a lien upon real estate as security for the payment of a specified debt.

market rate

Business services; Relocation

An estimate of the average rate being charged by lenders for conventional, fixed rate mortgage loans.

lump sum program

Business services; Relocation

Monies given to employees in lieu of some or all services traditionally provided to relocating employees to facilitate the transfer.

long carry

Business services; Relocation

An added charge for carrying articles excessive distances between the mover's vehicle and your residence.

lock

Business services; Relocation

The period, expressed in days, during which a lender will guarantee an interest rate.

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