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The document produced by a title abstractor is called a title abstract, or abstract of title. This is not a document that exists in public records, but it is derived from recorded documents. The title abstract is provided to the title company, attorney, or end-user by the abstractor. For example, a title report may also show any easements, or ...
Title insurance companies sometimes maintain private title plants that track real estate titles in addition to the official records. [according to whom?] In other cases, the chain of title is established by an abstract of title, sometimes, although not always, certified by an attorney. In the United States, some holders of mortgage debt may be ...
An abstract of title should be distinguished from an opinion of title. While an abstract states that all of the public record documents concerning the property in question are contained therein, an opinion states the professional judgment of the person giving the opinion as to the vesting of the title and other matters concerning the chain of ...
Designation bestowed by National Council of Examiners for Engineering and Surveying Model Law Structural Engineer MLSE Designation bestowed by National Council of Examiners for Engineering and Surveying Structural Engineer: SE: Licensure by individual state boards, examination by National Council of Examiners for Engineering and Surveying [29]
The record title system differs significantly from land registration systems, such as the Torrens system, that have been adopted in a few states. The principal difference is that the recording system does not determine who owns the title or interest involved, which is ultimately established through litigation in the courts.
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Logo of the American Land Title Association, founded in 1907. The American Land Title Association (ALTA), founded in 1907, is the national trade association representing more than 6,400 title insurance companies, title and settlement agents, independent abstracters, title searchers and real estate attorneys. ALTA's headquarters is in Washington ...
The lienholder then releases their lien electronically which allows the customer to pick up the title directly from the Ohio BMV on the following business day. Some states may take up to three months for a paper title to be produced after an electronic lien release, though this is uncommon. [citation needed]