Abstract of
Title
An
abstract of
title is the condensed history of title
to a particular parcel of real estate , consisting of a
summary of the original grant and all subsequent
conveyances and encumbrances affecting the property and a
certification by the abstractor that the history is
complete
and accurate. In the United
States, the abstract of title furnishes the raw data for
the preparation of a policy of title insurance for the
parcel of land in question.
An abstract of title should be
distinguished from an opinion of
title .
While an abstract states that all of the public record
documents concerning the property in question are
contained therein, an opinion states the professional
judgment of the person giving the opinion as to the
vesting of the title and other matters concerning the
status of the chain of title . Many jurisdictions define
the giving of an opinion of title as the practice of law,
thus making it unlawful for a non-attorney to do
so.
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