- Apply for a Mortgage
- Contact Us
- Mortgage News
- Library & Statistics
- Rates & Tools
- Mortgage Services
- Home
1-800-604-1864
Professional Listings
Mortgage Statistics
Apply Now
Mortgage Rates
Current Mortgage RatesVariable closed: 1.65% 1 year closed: 1.64% 3 year closed: 1.59% 5 year closed: 1.69% 10 year closed: 2.84% Glossary
Tools
Mortgage Calculators Credit Card Calculators
Search the Glossary
GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
How often this word is used
^
50% - Moderately
50% - Moderately
Abstract of Title
Synonyms: | legal document, statement, summary |
Acronyms & abbreviations: | ab |
Notes: | AB is a common abbreviation for Abstract of Title when used in property listings and real estate classifieds. |
Filed Under: | abbreviation, legal-contracts, mortgages, real-estate |
Tags: | classifieds, contract, legal, mortgage, property listing, realty |
Definition of abstract of title (ab)
- abstract of title (ab)
- 1. An "abstract" is a summary or statement of the contents within a document.
- 2. An abstract of title is a historical account of all transactions conducted on the title to a specific property or piece of land. This title covers the property from the first sale to the present and is used by the title company to produce a title binder.
Related Terms and Acronyms:
- agency closing The use of a title company to supervise the meeting where the property is transferred and mortgage is settled.
- chain of title Legal records that trace ownership of a property from the most recent owner to the original owner.
- conveyance To move something.
- examination of title A review of public records and title abstracts to determine the chain of ownership of a property.
- land title The legal document conveying title to a property.
- metes and bounds A surveyor's legal description of a parcel of land, defined by measurements and angles.
- title Evidence of a person's right to possession ownership of a property.
- title insurance Insurance that covers title defects and ownership challenges on a property.
- title search A check of public records to make sure that the owner of real property has the right to transfer ownership. A title search is designed to spot gaps in the chain of title, liens, problems with the legal description of the property, judgements against the owner, and the like.
Search the Glossary
A Brand New Mortgage Calculator
See the effects of changing a payment schedule from monthly to bi-weekly accelerated with our new and improved mortgage calculator. It will give you a breakdown and comparison of different payment schedules, plus you can also enter pre-payments, lump sum payments and calculate the cost of mortgage insurance fees.
Mortgage Rates Chart
Your money goes a lot further when you pay your home off with low interest rate. Make sure your mortgage isn't weighing you down with high rates and ridiculous payments. View our mortgage rates chart to find the best interest rates in Canada.
Best Residential Mortgage Rates
With our low residential mortgage rates, even the best home on your list is easily within your budget. Pay less in interest and increase your principal price range. Apply now!
|
Tel: 1-800-604-1864 Fax: 1-866-565-1864 info@superbrokers.ca |
© 2000-2020 Super Brokers is Canadian owned and operated by Colloco Enterprises.
All trademarks and logos are the property of their respective owners. All rights reserved.
All trademarks and logos are the property of their respective owners. All rights reserved.