Who examines the Abstract to determine who owns the property and whether the title is marketable?
Normally, that is established by an attorney who examines the Abstract and furnishes either you or your lender with a Title Opinion. The title opinion sets forth the name of the record owner(s), identifies what interests others might have in the property (such as a utility company that may have an easement), and states what problems, if any, exist that make title unmarketable. For answers to frequently asked questions in other areas of law, select: Estate Planning Elder Law Business Law Click here to contact Carpenter & Wangberg, P.A.