Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

title abstract

Read a random definition: Fox's Libel Act

A quick definition of title abstract:

Term: Title Abstract

Definition: A document that summarizes all the important information about a property's ownership history, including any liens or encumbrances that may affect the property's title. It helps potential buyers or lenders understand the property's legal status and any potential risks associated with it.

A more thorough explanation:

Definition: A title abstract is a summary of the history of ownership and any legal claims or liens on a property. It is often used in real estate transactions to ensure that the seller has the legal right to sell the property and that there are no outstanding legal issues that could affect the buyer's ownership.

For example, if someone wants to buy a house, they would typically request a title abstract to make sure that the seller has the legal right to sell the property and that there are no outstanding liens or claims against the property. The title abstract would provide a summary of the property's ownership history, including any transfers of ownership, mortgages, and other legal issues.

Another example would be if a bank is considering lending money to someone to buy a property. The bank would typically request a title abstract to make sure that the property is free and clear of any legal issues that could affect the borrower's ability to repay the loan.

The examples illustrate how a title abstract is used to provide a summary of a property's ownership history and any legal issues that could affect ownership or the ability to sell or borrow against the property.

Title (property) | title company

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.