Chp 13 Title Records

The condensed history of a 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.

Express information or fact; that which is
known; direct knowledge.

A facts concerning the at an attorney has
examined and has certified to be, in his or her opinion, an accurate statement
of the fact concerning the property’s ownership.

A statement of opinion on the status of the
title to a parcel of real property based on an examination of specified public
records.

The succession of conveyances, from some
accepted starting point, whereby the present holder of real property derives
title.

Notice given to the world by recorded documents.
All people are charged with knowledge of such documents and their contents,
whether or not they have actually examined them. Possession of property is also
considered constructive notice that the person in possession has an interest in
the property.

Good or clear title, reasonably free from the
rish of litigation over possible defects.

The order of position or time. The priority of
liens is generally determined by the chronological order in which the lien
documents are recorded; tax liens, however, have priority even over previously
recorded liens.

The act of entering or recording documents
affecting or conveying interests in real estate in the recorder’s office
established in each county. Until it is recorded a deed or mortgage ordinarily
is not effective against subsequent purchasers or mortgages.

A court action in tended to establish or settle
the title to a particular property, specially when there is a cloud on the
title.

A policy insuring the owner or mortgagee against
loss by reason of defects in the title to a parcel of real estate, other than
encumbrances, defects, and matters specifically excluded by the policy.

The examination of public records relating to
real estate to determine the current state of the ownership.