Definitions for "Abstract or title search"
The process in which a title company reviews recorded transactions on a specific parcel or property to determine whether there are any existing title defects or liens that could interfere with the transfer of ownership or refinance.
A review of public records to determine whether liens or defects of title exist on a piece of property, which could interfere with clear ownership transfer. Done prior to closing of title on a sale.
The process of reviewing all publicly recorded transactions to determine whether any title defects exist that could interfere with a clear transfer of property ownership.