What is Abstracting?
An abstract of title is the condensed history of the title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abstractor that the history is complete and accurate.
About Abstracting
When purchasing a property you need to make sure there are no hidden title issues that may arise in the future. If you buying a home with a lien on it, you need to know what’s owed, and to who. Other issues can include survey issues and hidden claims from the past. An abstract of title should show everything recorded at the county courthouse in relation to the property you're buying.
All liens, encumbrances, encroachments and claims should be on this report. Only things on record at the courthouse will be found, but normally anything not recorded is not as big of a threat, and you can buy title insurance to cover unknown title defects. Don't sign on the dotted line until there has been a thorough abstracting done on your property.
Contact us to learn more about Abstracting:
Call: 507-720-6415
Licensed in Minnesota