What is the purpose of an "abstract of title"?

An abstract of title serves the specific purpose of providing a detailed history of ownership of a property. This document compiles essential information about the title, including previous owners, transfers, and any legal claims or encumbrances against the property, such as liens or easements. By documenting this history, it allows potential buyers, lenders, and legal professionals to assess the quality of the title and ensure there are no outstanding issues that could affect property ownership rights.

The function of an abstract of title is foundational in real estate transactions, as it aids in clarifying ownership and preventing future disputes over claims to the property. Understanding this history is crucial for establishing clear title and facilitating smooth real estate dealings.