Abstract

Definition of "Abstract"

Vi Arnold & Paul Hernandez HBM2 Inc.

An abridged copy or summary of a document.

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Popular Real Estate Terms

Abstraction Approach

Valuation method to determine land value relative to the total market value of the property. ...

Abstract Of Judgment

Summary of a judicial decision in a legal case. ...

American Land Title Association (ALTA)

It fosters uniformity and quality in title abstract and insurance policies. ...

Opinion Of Title

A certification of a property title issued by an attorney after examining the abstract of title. The attorney's opinion of title is essential to obtai ...

Abstractor

Individual who secures information from public records to validate titles. ...

Certificate Of Title

An attorney's opinion of the status of a title, which is attached to the abstract of title. ...

Popular Real Estate FAQ

What Does Preapproved Mean?

When you are preapproved, you have a definite commitment from a lender ...

What Is A Deed?

A deed is a legal document that conveys the title to a property. ...

What Is A Title?

A title is the right of property ownership. ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. These properties help an appraiser determine the fair ...