An abstract update involves making current an existing, but old, Abstract of Title by adding all relevant documents recorded since the preparation or the most recent update of the existing abstract.
An Assessor Parcel Number (APN) is a unique identifier assigned to tracts of land and properties by a tax assessor, which is pivotal for property record-keeping and taxation purposes. It enables quick access to detailed information about the property.
An Assessor's Parcel Number (APN) is a unique numerical identifier assigned to each piece of real estate by a tax assessor for purposes of identification and record-keeping.
Constructive notice is a legal concept wherein an individual is presumed to have knowledge of a fact when such fact is a matter of public record, even if they do not have actual knowledge of it.
A public record refers to official documents relating to real estate transactions that are maintained by a government office, typically a county courthouse. These records are accessible to the public and provide constructive notice regarding the existence of these documents.
A satisfaction piece is an essential legal document that indicates the final payment of a mortgage loan, effectively releasing the lien on the property. By recording a satisfaction piece, borrowers officially demonstrate that their loan obligation has been fulfilled.
A Title Plant is an organized database containing comprehensive information on land parcels and improved real estate properties, maintained by title insurance companies to facilitate the process of title searches and ensure accurate title documentation.
Title search is an examination of public records to determine the ownership and encumbrances affecting real property. It is an essential step in the purchase of real estate to ensure the buyer receives clear title to the property.
