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LSDefine

Simple English definitions for legal terms

title abstract

Read a random definition: academic lawyer

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

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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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