DOES AN EXAMINATION OF THE ABSTRACT REVEAL ALL DEFECTS IN THE TITLE?
It may not … simply because the public records, from which an abstract is made, may not show everything which affects the title. For example: statements in the record may be incorrect or may fail to show important facts. There may be fraudulent or improperly executed documents on the record. Facts revealed in the abstract may be interpreted incorrectly. There may even be ordinary clerical mistakes which could seriously endanger the title. Even after all these possible hazards are eliminated, there still remain some of the most serious sources of risk … hazards which by their very nature simply cannot be uncovered.
Related Questions
- What happens when the escrow company or title company discovers a judgment lien or abstract recorded against an obligor who is buying, selling or refinancing a piece of real property?
- Does each Abstract or Title Company Office need a licensed Abstractor?
- DOES AN EXAMINATION OF THE ABSTRACT REVEAL ALL DEFECTS IN THE TITLE?
