Property Ownership, Transfer of Title and Land Use 10.2.6

Question 1

An Abstract of Title and Attorney’s Opinion of Title may be issued when?

Answer 1

on the basis of the abstract. It may be used in some areas as sufficient evidence of ownership.

Question 2

Why is this Abstract imperfect?

Answer 2

Because of the same conditions that affect a certificate of title.

Question 3

The Torrens System is for what?

Answer 3

The registration of title

Question 4

Registration Reveals what?

Answer 4

The registration reveals the owner and some, but not necessarily all, outstanding liens.

This system was created in Australia in 1858, by Robert Torrens; it is used in about 10 states in the United States.

Question 5

A written application to register the title is made with the clerk of the county court where the property is located. If the applicant proves to be the owner, the court enters an order to register the real estate with the registrar of titles and the registrar issues a Certificate of Title.

Answer 5

A written application to register the title is made with the clerk of the county court where the property is located. If the applicant proves to be the owner, the court enters an order to register the real estate with the registrar of titles and the registrar issues a Certificate of Title.

Question 6

Where was the Torrens System created and how many states in the US use it?

Answer 6

It was created in Australia in 1858 and it is used in 10 states