An abstract of title is a document that summarizes every item filed in the County Recorder’s Office and all judgments and decrees filed in the clerk of court’s office that affect the property being abstracted.
Title companies provide certificates of title to lenders that require these documents prior to approving mortgage loans. The certificate of title lists any encumbrances on the property, such as liens, but does not guarantee good title.
The Current Owner Report consists of a verification of the property address, a complete legal description, ownership information, a 24 month chain of title, open mortgage/lien information, any judgments and encumbrances, and tax information and status.
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