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15550 Wayzata Blvd
Suite 100
Wayzata, MN 55391
(952) 473-4331 Fax (952) 473-2088

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why title insurance?what is abstract?
I thought...Residential Owner's Policy

WHAT IS AN ABSTRACT?

An abstract is a history of the title to the property as revealed by the public records.  Deeds, mortgages, other instruments and legal proceedings which have all affected property through the years are all included in the abstract.

If something is revealed in the abstract which might stand in the way of a clear title, it is up to the owner and the owner's attorney to clear it away.  If they cannot do this, it must be accepted as a limitation on your right of ownership.  Also, it is not infrequent for matters which seriously affect the title to be omitted in an abstract, because they are not shown in the public records.




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