Recordation, Abstracts, And Title Insurance Flashcards
Abstract of title
A summary of all recorded documents affecting title to a given parcel or land
Acknowledgment
A formal declaration by a person signing a document that he or she, in fact, did sign the document
Actual notice
Knowledge gained from what one has actually seen, heard, read, or observed
Chain of title
The linkage of property ownership that connects the present owner to the original source title
Constructive notice
Notice given by the public records and by visible possession, coupled with the legal presumption that all person are thereby notified
Marketable title
Title that is free from reasonable doubt as to who the owner is
Public recorder’s office
A government-operated facility wherein documents are entered in the public records
Quiet title suit
Court-ordered hearings held to determine land ownership
Title insurance
An insurance policy against defects in title not listed in the title report or abstract
Torrens system
A state sponsored method of registering land titles
